ST Alpha - "given the way the fedoperates these days, the lenders and borrowers are probably right,. it's not like they make anyone take a haircut...." (Reading a Post)

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In response to "The Municipal Debt Bubble -- (link)" by Strongbad

given the way the fedoperates these days, the lenders and borrowers are probably right,. it's not like they make anyone take a haircut....

Posted by x (aka dmuck) Dec 16 '10, 10:56

it's a terrible long term plan, but they're right in assuming there'll be a bailout of it all blows up. recent history should make that pretty plain.

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