Wednesday, March 12, 2008

Debt Rattle, March 12 2008

Ilargi: Well, the real markets are not fooled, so much is evident. Let�s try to sculpt a prediction out of this avalanche of nonsense, shall we? I�d say it may take until Friday for everyone to understand that TAFs and PAFs and what have you cannot possibly work. Can you say "solvency"? So as early as next Monday we can expect to see the first plans to just start buying the piles of stinky paper

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