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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Lazarus_Long who wrote (9134)3/20/2008 1:49:24 PM
From: The Ox  Read Replies (1) | Respond to of 33421
 
I doubt your assets are over $10 Billion and you have (stupidly)leveraged them over 3800%.

When you get that size, I'm sure the FED will be glad to help you out of a sticky spot, ala LTCM.

jmo



To: Lazarus_Long who wrote (9134)3/22/2008 12:30:00 AM
From: Augustus Gloop  Read Replies (3) | Respond to of 33421
 
I know what you're saying and I know you're baiting me into a political debate here. DOOD - think run on the bank! Had the Fed allowed both Countrywide and Bear Stearns to fail (and I think the Fed helped grease both deals under the table - we'll never know) we'd have a bigger crisis. That crisis still may come to pass but I think the fed needs to use every tool they've got to avoid a potential collapse. They're doing things I've never seen the Fed do before. That tells me things are WAY more ugly than you and I want to know.