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Re: swooop post# 236167

Sunday, 09/12/2010 2:34:55 PM

Sunday, September 12, 2010 2:34:55 PM

Post# of 749756
The person selling a house does not tell the world the house is in default or almost in default and the fdic should not either.

Trying to nit-pick my analogy tells me that you don't get my point. It's fairly obvious to see who still takes care of their yard/house and also to know who lost their job if they live in the neighborhood--people talk. The FDIC didn't have to say they were having problems--their CDS prices did...not to mention their stock price.

If you show link`s how bad WM was you should show the same links for all the bank`s mainly the TARP banks then the no short list banks compared to banks that got shorted.

I doubt you followed the thread. Go back and read why I posted those links and what I said about mark-to-market accounting. You're also discrediting the person I shared those links with in that you're assuming they can't do their own DD.

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