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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Giordano Bruno who wrote (346402)10/24/2007 3:03:59 PM
From: NucTrader  Read Replies (1) of 436258
 
They're too dumb to recognize that just because Merrill and these other bag holders declare losses, they're probably a small fraction of the total bag hold. No one seems to know, for example, how Merrill valued the losses they took: mark to market? doubt it. Mark to matrix? Mark to...
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