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楼主 |
发表于 2009-6-20 07:46 PM
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So the market does not EXPECT CA to fail.
But if it does fail, muni bond market would most likely seize up instantly, and money market funds would suffer another run.
dividend_growth 发表于 2009-6-20 00:35
Not at current stage. We can monitor CA's CDS to see if market expectation gets worse.
Lehman's fall caught the market at surprise. I am 99% sure Fed government won't repeat their mistake again. Just look at how scary they were in pushing BoA to absorb ML. |
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