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Strategies & Market Trends : Waiting for the big Kahuna
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To: TFF who wrote (81592)10/8/2008 8:23:35 PM
From: TFF  Read Replies (6) of 94695
 
They need to dump "mark to market" on MBS, CDO's. It sounds silly and extreme. But if they don't, it will be months before they can solve the problem via reverse auctions, capital infusions, etc.

The market doesn't have months. Heck it's lucky if it has "weeks".

One can only imagine the downgrades looming from rating agencies that will send more co's over the cliff.

BAC dropped from 38 to 20 trying to raise money. And they are one of the "chosen" banks.
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