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Post# of 704049
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Bruce A Thompson

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Bruce A Thompson

Re: Softechie post# 620227

Wednesday, 04/08/2009 7:17:46 AM

Wednesday, April 08, 2009 7:17:46 AM

Post# of 704049
The real con job was

The shorting of the ABX index destroying the mark to market value of perfectly good portfolios.

Combined with the CDS fiasco @ 30-1 coverage to underlying assets, there was nowhere for the financials to go but down. It was a masterpiece of manipulation on the part of the big banks in support of naked shorting.


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