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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: koan who wrote (90429)11/19/2008 1:59:57 AM
From: mishedlo3 Recommendations  Read Replies (1) of 116555
 
WASHINGTON (AP) - Treasury Secretary Henry Paulson told Congress on Tuesday that the administration remains firmly opposed to dipping into the government's $700 billion financial bailout fund for a $25 billion rescue package for Detroit's Big Three automakers, no matter how badly they need the help.

breitbart.com


I explained this yesterday in a comment on my blog

Goldman Sachs and JP Morgan and (possibly C) are on the right side of credit default swaps with hedge funds.

Mish
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