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Re: Latest development of Lehman crisis, Sunday morning
riptied - Mon, Sep 15, 2008 - 06:57 AM
"while the more risky real-estate assets would be merged into a another entity that would contain about $85 billion in souring assets."
Today the govern'mint has announced the creation of the PRE-bankruptcy asset-tending - emergency bank, newly named: US Pretender Bank!
This is a clear solution to this touchy problem in which all banks and hedgers and savings'n'loans, CU's and investment houses can swap all non conforming, non preforming, unvalued, ahem,,, assets, over to the Pretender bank where those assets will be tended as if they were actual assets that don't need to be written off until a future date, so unload now bankers and keep shopping citizen consumers, oils well that ends well! All new customers to the bank get a free pound of cheese and two loaves of bread as an added bonus! You won't need to pretend you aren't hungry when you bank with pretender bank, enjoy your cheese sandwich while we're pretending your money is safe with us!
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Re: Latest development of Lehman crisis, Sunday morning
riptied - Mon, Sep 15, 2008 - 06:57 AM
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