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« Evidence of distrust | Main | $25 billion. Or so. Maybe more. »

The falling knife

... is still falling, it seems - with news of massive writedowns at Merrill Lynch and Citigroup, and no one very keen on buying into Barclays or HBOS. Or, for that matter, Cheyne.

Not much hope of an improvement soon, either- according to the San Francisco Fed.

There must be some good news somewhere...

Posted by Alexander Campbell on July 21, 2008 4:30 PM |

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