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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John McCarthy who wrote (71115)	11/11/2007 1:01:45 PM
From: ggersh	Read Replies (2) \| Respond to of 116555

John....a better question wouldve been " Is the financial system bankrupt?" I believe the answer is Yes.....JMHO

To: John McCarthy who wrote (71115)	11/11/2007 7:31:16 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Paulson Announces Super-SIV Failure Already globaleconomicanalysis.blogspot.com Details of the Super-SIV Bailout have been finalized. Paulson acknowledged that the proposed backup fund would not rescue troubled SIVs, only lead to a longer and more orderly demise. This is an amazing admission of failure right as the agreement has been reached. Mish