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Thursday, May 15, 2008

What Does Ben Know 

By Cardinalpark at 5/15/2008 04:49:00 PM
That we don't know.
"Firms are hunkering down," Bernanke said at a conference in Chicago today. "They have at least partially replaced the losses with new capital raising, but not entirely."

Hmmm.

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3 Comments:

By Anonymous Anonymous, at Thu May 15, 05:19:00 PM:

Would Alan Greenspan ever say "hunker down"?

I think not.

Ben certainly knows about hunkering down.

-David  

By Anonymous Anonymous, at Fri May 16, 09:10:00 AM:

Bank of America is still working on the issues others have already confronted, in my opinion. Their existing problems, like MBNA's rapidly rising delinquencies and the bank's trading and structured finance operations, must be compounded by their prospective deal with Countrywide. The Bank is moving very rapidly to cut all non-essential spending, to preserve capital.  

By Blogger Andrewdb, at Fri May 16, 12:12:00 PM:

Smith Barney's analysts have been saying for several months that they expect a "W" shaped recovery this year, with another dip coming in late summer or fall.  

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