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

To: Bill/WA who wrote (77006)	3/28/2008 4:15:07 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Germany Fears Global Meltdown globaleconomicanalysis.blogspot.com Here is an interesting tale of central bankers working deep into the night last weekend, with Bundesbank President Axel Weber repeatedly in touch by telephone and via videoconferencing with Ben Bernanke in an attempt to orchestrate a bailout of Bear Stearns. The issues are many: What constitutes too big to fail, who should pay the price for bank failures, what to do about the US dollar, and whether there should be a formal statement on the above. The issues are still not resolved of course. Nor can they be. Too many banks are insolvent both in the US and abroad.... Mish