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westeffer

09/30/07 11:08 AM

#662 RE: giordanoblanco #661

Again, I hope it works for the shareholders here. I have another major holding going through financing right now and it isn't easy.

As a side light, the Investment Bank of Switzerland estimated the amount of derivatives considered to be considered illiquid at the moment worldwide to be 500 Trillion dollars. I have a hard time believing their 500 Trillion estimation. Those numbers dwarf the old S&L scandal numbers and would be very hard to absorb in the World economy without serious problems.

I read the article this week an unfortunately it was thrown out when some house cleaning was done.