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To: NeoCaveman
They cannot sell them at that price. Lehman sold theirs at 20Cents on a dollar and it folded them up like a cheap suit.

Many firms will fail, with the Fed intervention. Of the ones affected, 90% of them will fail without it.

When that works it's way down to you and it will, and is now, everyone will share in the pain.

29 posted on 09/25/2008 8:00:50 AM PDT by Cold Heat (Well....................................That's .....that.........)
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To: Cold Heat
They cannot sell them at that price.

So deny me a deal of a life time and put me on the hook for more national debt?

Many firms will fail, with the Fed intervention. Of the ones affected, 90% of them will fail without it.

Freedom includes the freedom to fail

When that works it's way down to you and it will, and is now, everyone will share in the pain.

Market clearing hurts sometimes. We've been trying to inflate our way out of this problem since 2002 with ridiculously low interest rates.

In short I'd rather take the pain now than defer it.

31 posted on 09/25/2008 8:07:36 AM PDT by NeoCaveman (End the Obamanation, Vote Maverick, McCain/Palin '08; Free Laz; Drill baby drill; Stand up for Chuck)
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