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IPFS News Link • Economy - Economics USA

Talking Shop With a ‘Vulture’ Investor

02-28-2009 • nymag.com/daily/intel/

The banks are carrying second-lien loans at par and have hundreds of billions of dollars of them. We just bought some at 33 cents on the dollar in the market. If they turn out to be worth 33, every bank would collapse.

thelibertyadvisor.com/declare

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