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To: PHLSyndicate; Toddsterpatriot

>> So, let’s say you put up $10 billion as colatoral

Sorry. I have a really, REALLY tough time swallowing “financial wisdom” from someone who can’t even spell “collateral”. ROFL!


9 posted on 03/10/2008 8:55:16 AM PDT by Nervous Tick (I'm not voting FOR John McCain -- I'm voting AGAINST Hillary/Obama)
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To: Nervous Tick
We'll be looking at 10% monthly inflation in 12 months or half of all banks will be out of business. Or nothing will happen.

Either the Cubs will win the World Series this year....or they won't. Or maybe an asteroid will destroy the Earth and no one will win.

Either way, we'll have a much better idea of where things are going soon enough.

LOL!

18 posted on 03/10/2008 9:07:01 AM PDT by Toddsterpatriot (Why are protectionists so bad at math?)
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To: Nervous Tick

If I have $10B to put up as collateral (even allowing for a tidy salary for my new full-time proofreader), a bank run isn’t going to be much of a concern for me.


20 posted on 03/10/2008 9:12:11 AM PDT by ctdonath2 (The average piece of junk is more meaningful than our criticism designating it so. - Ratatouille)
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To: Nervous Tick

>Sorry. I have a really, REALLY tough time swallowing >“financial wisdom”

For starters, this is not financial advice. I’m merely reporting a summary of what many others are saying.


21 posted on 03/10/2008 9:12:33 AM PDT by PHLSyndicate
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