15 hours after my call on fail-out (reason #1):
The compromise legislation that seemed to be emerging Saturday "is not the proposal that we got from Secretary Paulson," Reid said.
Financial Meltdown
Now the most hard-to-believe part of the call, reason#3 in the list:
Bank of New York, State Street and Northern Trust.
I suggest you all to watch these banks very closely next week as I do not expect a news item on them until their stock prices are significantly decimated into the single digits shortly.
Bailout failure 'will cause US crash’
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