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To: Intolerant in NJ

That’s part of the reason I posted those numbers. The fact is that the market can’t put a value on these assets, so they’re not marketable (current value = $0). If you can’t sell something, its market value is zero. Put a number on it (even artificially as the Fed/Treasury are trying to do) and all of the sudden everyone can do the math.

My point is that my worst case numbers (call them artificial if you want) are better than Fed/Treasury numbers (which definitely ARE artificial).

We are in a panic situation. I’m simply trying to quantify (if that’s possible) how panicked we should be. Doesn’t help when Fed/Treasury do nothing but say “Be afraid. Be VERY afraid!”


74 posted on 09/29/2008 9:06:29 PM PDT by PhilosopherStones
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To: PhilosopherStones
We are in a panic situation. I’m simply trying to quantify (if that’s possible) how panicked we should be. Doesn’t help when Fed/Treasury do nothing but say “Be afraid. Be VERY afraid!”

Good old-fashioned rational, reasoned thought.
75 posted on 09/29/2008 9:09:32 PM PDT by Army Air Corps (Four fried chickens and a coke)
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