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Politics : Ask Michael Burke
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To: BSGrinder who wrote (53105)3/23/1999 12:46:00 PM
From: Mike M2  Read Replies (2) of 132070
 
BS, there are exceptions of course. I would argue that government guarantees whether express or implied encourage greater risk taking than would otherwise be the case. Look at the derivatives exposure of the money center banks when the banks get into trouble again they have every reason to believe that AG will bail them out again. mike
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