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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (59407)5/15/1999 1:49:00 AM
From: Richard Nehrboss  Read Replies (1) of 132070
 
Hey Mike,

In your world economic meltdown vision, you think T Bonds will hold their own as the only alternative for money to park.

Let's say I park all my money in spread conversions. I try to visualize the worst case scenario. To me this would be the players on the other side of the transactions defaulting. Are the brokerage houses responsible, becoming the second line of defense? Then SPIC? In my mind this is a pretty good defense system. Can you fill me in?

Richard
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