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Strategies & Market Trends : Asia Forum

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To: Defrocked who wrote (4953)	6/30/1998 10:51:00 AM
From: Michael Sphar	Read Replies (1) of 9980

On reflection, I think you may be right. I was taking this info from email sourced by TheStreet.Com yesterday to wit: << Does a Bridge Bank Go Far Enough? By Justin Lahart Senior Writer ..."We knew it, there was no question there wasn't enough," recalled Bert Ely, head of Ely & Co. and a regular commentator back in the S&L days. "It wasn't until 1990 that they fessed up to what the total cost would be. What they did in '89 was put the mechanism in place, but they intentionally lowballed." The final cost of the S&L bailout came to somewhere between $155 million and $160 million, with $125 million of it coming out of taxpayers' coffers...>> His digits were the ones that slipped not mine. I just failed to use any logical analysis whatsoever.<g> Seems like if it isn't in the billions or trillions its not worth counting anymore.

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