Friday, May 16, 2008

Debt Rattle, May 16 2008: What Goes Up

Dorothea Lange: Migrant Daughter - November 1936Daughter of migrant Tennessee coal miner. Living in American River camp near Sacramento, California. Ilargi: An important yet mostly neglected little "detail" that will come home to roost, and big time.It's much easier to borrow the first $260 billion than the second. And banks like Citi and Merrill already pay 7-8-9% over some of the capital

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