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I heard a commontator on Sky News (as reliable for news as are...

  1. mwatts
    3,486 Posts.
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    25/07/08
    20:52
    Post #: 4037161
    I heard a commontator on Sky News (as reliable for news as are the dockers at winning a game of football). State that if US financial institutions used the same formula to write down any of their mortgage backed securities, then they would be in Dire Straits. Hope no one over there takes much notice.
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