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To: reaper who wrote (209035)	12/11/2002 1:43:31 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 436258

Didn't you read the remarks from that fed governor earlier this week where he said the fed has the magic printing machine and will use it at will? they'll nationalize all the debt. can you say moral hazard? the execs at these firms know that if they bet big enough, they either get rich if they pic right, or dont lose anything if they pick wrong. pretty good job if you can get it. remember, if you owe the bank $5000, the bank owns you. if you owe the bank $50 billion, you own the bank. :) ---------------- 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