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21/09/08
14:37
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nobbylad - i don't believe borrowing, lending or credit is needed in the markets
markets can successfully thrive without any of the above - by default, when you sell, you are going short and long when you buy
the market makers have gotten too clever by half
i heard on radio this morning that a head honcho of one of the banks didn't even understand the implication of cdo's
liquidity would find it's own level in the markets, without the synthetically added derivatives
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