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Registered
Join Date: Jul 2001
Location: Connecticut, US
Posts: 201
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The CMO's are/were a lot like shares in a bag of potatoes that had been carefully filled with rotten spuds at the bottom, half rotten ones in the middle and good ones at the top. The bag was then sealed and shares of the unopened bag bag sold.
Moodys would have honestly rated the bagful as average!!!
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Ned Nyna 11
87 Carrera Targa
98 528i BMW
2004 Jetta 1.8T
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