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Disbelief is more resistant than faith because it is sustained by the senses.

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🦋 Neither a Borrower nor a Lender be

So Bear Stearns is done for. (I did a fair amount of work for them in my first job.) Good analysis from John Quiggin.... More from Jared Bernstein. Nouriel Roubini asserts that it is not in the Fed's power to be of much help here.

posted morning of Monday, March 17th, 2008

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