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1 posted on 12/13/2007 8:30:46 PM PST by Moonman62
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To: Moonman62

they had no choice. once hsbc did it, everyone had to follow.


2 posted on 12/13/2007 8:58:58 PM PST by the invisib1e hand (screw the left. did I say that already? screw the left.)
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To: Moonman62

Wall St. has a strong repuation for GREED...”if the opportunity to profit doesn’t exist, we will create it...and promote it until it kills us!”


3 posted on 12/13/2007 9:08:30 PM PST by Stayfree (*************************FredD.ThompsonforPresident.com)
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To: Moonman62
Citigroup will provide a "support facility" for its seven SIVs with investments totaling $49 billion and incorporate them onto its balance sheet. The bank previously said it had no plans to bring the SIVs onto its books.

Assuming these SIVs are more or less worthless, this will make for a very interesting quarterly report or two.

5 posted on 12/14/2007 8:32:37 AM PST by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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