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To: goldsnow who wrote (4210)12/12/1997 8:31:00 PM
From: Al Cern  Respond to of 116816
 
goldsnow,

Paper markets get unhinged really quickly when the uncertainty increases, because of the perceived creditworthiness of the participants, which is the only true backing for the paper. What is going on today is a massive shuffling of paper, to what end I'm not sure, but it's getting very interesting.

Sincerely,

Al Cern