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

To: Think4Yourself who wrote (76487)	3/19/2008 3:46:04 PM
From: ggamer	Respond to of 116555

<One of their bond insurers is basically bankrupt. Merril is suing SCA in an attempt to force SCA to pay on $3.1B in bonds SCA unsured. SCA insured the bonds but now that defaults are going through the roof SCA is trying to get out of their contractual obligations.> That is OK, Bernanke should be able be to fund MER with $6 Billion by midnight and the stock market will go up 10% again tomorrow. I herd that Bernanke is going to open a 24-hour operation center called "Operations Free Money". Basically you call the hotline and tell them that either the fed needs to give them $XX Billion or they are going to call bankruptcy.