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August 31, 2007

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spiBok

http://www.reuters.com/article/bankingfinancial-SP-A/idUSN3020319820070831?pageNumber=1


Creates some interesting possible scenarios.

Is it purely a political play with the upcoming elections? The Demo’s have been leaning on Bush hard over this.
Does it simply demonstrate how bad the situation actually is?
How will Bush’s speech tie in with Helicopter Ben’s? You can’t tell me there wont se SOME orchestration between the two.
Are more hedge funds in SERIOUS trouble through mass losses/redemptions and Secretary Paulson (ex Goldman) has gently pulled George aside to say “mate, you need to do something to boost us on Friday, give us a chance to raise some cash!”
Does this possibly mean the Fed WONT cut? Have they decided on this course of action over a rate cut at the next meeting and how will the market take that scenario given that a cut is priced in?

Questions, questions, questions!

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