2008-10-29ml-implode.com

"Perhaps investors just don’t like the word `effectively’. Remember, the operative word with respect to the GSE’s is `explicit’. Maybe they are refusing to use the word because there is no way Treasury can `explicitly’ guaranty $5.4 trillion in loan guarantees and debt. Foreign Central Banks know this. I wrote about is several times when it was happening a few months ago - see links at bottom of page."



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