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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (88336)11/2/2007 11:45:14 AM
From: benwood  Read Replies (1) | Respond to of 110194
 
When I went to high school, that nuclear power debacle known as WPPSS (Handford/ Whoops!) had cost overruns of somewhere around 1000% and finally ended with the largest bond default in US history. I could see two of the giant cooling towers going up from my house, and neither reactor was ever lit up.

I suspect the cost would be much higher today.

No easy choices, that's for sure...