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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Eggolas Moria who wrote (110861)	1/28/2008 9:45:14 PM
From: Kerry Phineas	Read Replies (1) \| Respond to of 132070

So Eggo, you're saying that the 30x figure is accurate? I can't visualize all the issues, although the counterparty risk issues have come out. I can understand that many of our financial instutions are undercapitalized and I understand that a lot of hedge funds and I don't know what else are undercapitalized. (The MBIA and Ambac and other financial short squeezes notwithstanding, I think that the market is recognizing these issues.) You know, I'm actually not sure that I really want to know all the issues we've got lurking out there. Of course we're currently looking at a short squeeze, testing of technical limits in the market, presumably. I don't see how the Amex news could be good for the financials. Thanks, Kery