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To: NOW who wrote (209031)12/11/2002 1:27:51 PM
From: LTK007  Respond to of 436258
 
Trouble is we are beginning to compile a rather large list of "too important to fail", that puts ever greater pressure on "the salvation pot" to produce money. It then is to high speed work at the money printing press and that will lead to yada yada.:)Max



To: NOW who wrote (209031)12/11/2002 1:35:47 PM
From: reaper  Read Replies (2) | Respond to of 436258
 
how many 'too important to fail' organizations do we have now? Fannie, Freddie, Ford, MBIA, Ambac, JP Morgan, Citi, SBC... is there enough money / confidence in the world to keep them all propped?

Cheers



To: NOW who wrote (209031)12/11/2002 2:51:37 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<<Or rather that they are too important to fail: think of the consequences for the larger economy: devestation...>>

This is more germane to today's price movement. The point to keep in mind is that "too big" or not, they WILL fail. The mathematics are irrefutable.