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To: Hydroshock
Federal Reserve agreed this week to bend key banking regulations to help out Citigroup...

I need a $10 million loan and I have this large box for collateral. I know that it smells like cr*p, but..., "trust me", it is filled with very valuable mortgage obligations!

3 posted on 08/25/2007 5:12:31 AM PDT by ExSES (the "bottom-line")
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To: ExSES

What we have here is shaping up not to be a liquidity problem but a problem with banks hold a lit of paper no one wants. To illustrate if you hare selling oranges and have a good deal on good oranges, but I do not want oranges they you do not get any money. It is not that I have no money, I just choose not to spend it on your wares.


6 posted on 08/25/2007 5:15:04 AM PDT by Hydroshock ("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
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