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Fully agree. I think the intervention

 

prevents the full extent, or close to it at least, to surface.  I don't think anyone knows the extent of the swaps etc although many speak as though they do.

It would have been good to let those that needed to fall, fall.  We would have been hit much harder but at least that allows the situation to come clean and provide the framework to build a real recovery.  Part of economic cycles I guess.  Its sub-prime lead this time, in about 8 years time, it could the China scenario you decided.  I hope not but markets seem to always get themselves into trouble every now and then.  Its like that syaing from the Godfather... its good to go to the matresses every now and then.  It allows us to get rid of the bad blood.

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