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Old 07-19-2008, 05:54 PM
 
Location: Texas
4,933 posts, read 6,966,693 times
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Post Bear Stearns, the subprime derivatives/credit swaps rallied. However, they finished this week at or near all time lows. When this bubble deflates and subprime debt becomes worthless paper, you are going to see some major ibanks go under. I believe this recent pull back we've seen in commodities may very well be due to ibanks liquidating their holdings in preperation for massive bad debt write offs. Check it out.

http://www.markit.com/information/pr...dices/abx.html
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