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Strategies & Market Trends : Waiting for the big Kahuna
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To: carranza2 who wrote (84912)1/10/2009 11:00:28 AM
From: Real Man  Read Replies (1) of 94695
 
We can argue until the cows come home, but since all this
is unprecedented, it will just happen the way it will. One
thing is certain - any way these contracts unwind will be
pretty ugly. So far so bad, the Fed has been taking the
"blown up" side of these contracts (the guarantees), cause
if they don't, the global financial system goes. Most
of reported 9 trillion is not actually money, it's guarantees -
in other words, derivatives. In particular, CDS. -g-
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