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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Giordano Bruno who wrote (368165)5/16/2008 10:01:34 PM
From: Real Man  Read Replies (2) of 436258
 
Beware of putz... -g- Reminds me of CDO and CDS -ggg-

Derivatives ARE Tulip mania....

"Attempts were made to resolve the situation to the
satisfaction of all parties, but these were unsuccessful.
Ultimately, individuals were stuck with the bulbs they held at
the end of the crash—no court would enforce payment of a
contract, since judges regarded the debts as contracted
through gambling, and thus not enforceable in law."

"The aftermath of the tulip price deflation led to a
widespread economic chill throughout the Netherlands for a
number of years afterwards, resulting in what we would
describe today as a mild or moderate economic depression"

Geez... Tulips. Who would have thought?
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