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A good point, although I think one of the big issues is that since the risk hes been so obfuscated and distributed, there's a giant lack of confidence in the entire system.
I'm sure a large number of institutions has somewhat sound, and I don't have any problem with letting the weaker get absorbed by those with more conservative and prudent holdings.
I'm still worried about the potential for things to really spiral downhill, like we appear to be seeing.
-spence
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