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To: The Freep who wrote (147817)8/12/2007 2:17:26 PM
From: Shack  Respond to of 209892
 
OT** Was gonna jump in with the same thoughts, but I figured it would just usurp my other point. Yes, a liquidity crisis can't be measured in just the specific amounts of the subprime defaults. We really have no idea at this point of what the true cost of this crunch will be. With financial institutions yet to mark-to-market any of their mortgaged-backed securities, we really know nothing yet.