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Politics : Politics for Pros- moderated

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To: Nadine Carroll who wrote (232373)	12/23/2007 1:51:38 PM
From: KLP	Read Replies (1) of 794238

Re: The better-than-expected surge lessened fears of an imminent recession. This is the type of comment we find every day in all printed and TV media.... What surge? Who expected the surge? What did "they" expect? fears....who is fearing? IMMINENT recession? .... typical.... What I don't see many comments for, and from my limited knothole....is WHAT is happening in all major banks and all major financial institutions? The bundling of bad and good loans, being sold, then re bundled and resold, to larger and larger companies....evidently it will take months if not years, to figure out exactly what these institutions actually have. In the meantime, the insurance companies for these "bundles" are downgrading the "bundles".....from AAA to C- China is stepping in, and evidently so are many others.... How much of a problem will this be to our economy?

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