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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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If the Shorts were not in there AIG would never have collapsed in 3 days. They would have had the time to arrange private financing. It was the inpending fall of AIG and the implications of diaster befalling the world financial markets that finally got the govt and Fed to realize that they needed to take action. Up to that moment they thought the system could right itself.
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"Some Observer"
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