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The ual situation is a classic debt problem. They need to liquidate jets to raise cash yet the oversupply makes it difficult to find a buyer. A micrcosm, if you will. Greenspew fu**** up big time, the great credit and asset bubble that he facilitated is coming home to roost.

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The economic 'team' replacement was an accepted fact even before the election. Not a rumor mind you, it was a done deal.

 

The real news this week was the Mayberry Machiavelli thing.

 

Kudlow would be the perfect choice. I consider it a possibility. The perfect yes man.

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I am numb to these bounces, hell nothing suprises me anymore. Desperate folks will take desperate measures. But it would be much better for all if we just took the medicine and accepted the inevitable.

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soup,

 

Gotta disagree with your UAL ASSessment. UAL, like U before,

won't hafta do dick WRT liquidation. They'll file for Chap 11,

finish screwing the common shareholders, and wait for the

reorg. Meanwhile it'll be business as usual and since they'll

effectively have no debt, they'll be very competitive against AMR

and now be able to more effectively cave to union demands.

 

Of course, JPM will apparently have a big pill to swallow, but

since they're too big to fail, the gubmint will make sure they

are always solvent, regardless of how many bad loans they

make.

 

Good thing paper is cheap...

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