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Faber on MSNBC just said Bear Stearns had been leveraged 44 to 1....

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Blackhatjack Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 11:15 AM
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Faber on MSNBC just said Bear Stearns had been leveraged 44 to 1....
... so other Wall Street firms are likely in that range as well. That would mean inadequate cash reserves to back up business transactions, and if push comes to shove the FED could not possibly cover them all like they did Bear Stearns here.
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 11:19 AM
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1. Maybe. But not necessarily.
Bear Stearns was bone crooked.
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KittyWampus Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 11:20 AM
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2. can anyone give even the most ROUGH estimate of how much "money" will be wiped out?
excuse me for not having the appropriate terminology.
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