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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Real Man who wrote (367265)5/2/2008 6:20:33 AM
From: Giordano Bruno  Read Replies (1) of 436258
 
``If there is a public purpose in lending to investment banks, and taking dodgy mortgage securities as collateral, then it is a question of degree about other potential lending,'' Vincent Reinhart, former director of the Fed board's Division of Monetary Affairs, said in an interview. ``That's the consequence of crossing a line that had been well established for three- quarters of a century.''

bloomberg.com
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