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To: dirtboy
I’m still not seeing this as a coordinated attack. It seems like an old-fashioned bank run, but this time an electronic run on money market accounts when one broke the buck.

Until we are told who was making 'an old-fashioned bank run,' we won't see the coordination. First was Shummer orchestrating a bank run, then this. What happened next is demonstrative of coordination.

15 posted on 02/13/2009 6:02:27 AM PST by Just mythoughts
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To: Just mythoughts
Until we are told who was making 'an old-fashioned bank run,' we won't see the coordination.

Except there is an itty-bitty problem - there was a legitimate triggering mechanism. You have to apply Occam's razor here - an electronic panicked bank run in response to bad news is the simplest explanation. And you also have to demonstrate how a few individuals could control $500 billion in money market funds to be able to coordinate such a conspiracy.

24 posted on 02/13/2009 6:09:55 AM PST by dirtboy
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