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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Tommaso who wrote (89828)12/23/2007 5:34:12 AM
From: MoneyPenny  Read Replies (1) of 110194
 
Hey Tom, I thought you might like this snippet from this month's Basic Points (BMO strategist Donald Coxe)

"The classic combination of bankerly cupidity and bankerly stupidity has entered, pace Churchill, its Finest Hour. In deference to the brilliant mathematics used to construct the predicted returns for off-market models, we propose the following formula for valuing financial stocks:

BC2 x BS2 = BCEOP + BB

(Bankerly Cupidity squared, times Bankerly Stupidity squared makes Big CEO Payouts and Big Bailouts.)"

No LOL from me on this.

I have no link to offer as I receive it by email. MP
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