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Politics : Welcome to Slider's Dugout
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To: SargeK who wrote (10996)7/29/2008 12:09:06 PM
From: ecrire  Read Replies (1) of 50101
 
We don't know what CDO's and other toxic holdings are as yet undeclared, as we saw from Merrill Lynch announcement yesterday. They had written off 11 billion but the total was 30 billion (supposedly sold for 6 billion). Until this mess is resolved we don't know what we're dealing with.
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