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Wednesday, July 11, 2007
Soothing noises from the US Treasury re subprime losses
Treasury officials are quoted in Bloomberg, saying that subprime losses don't represent a systemic threat. Another official, Frederic Mishkin,said something similar at the Levy Economics Institute symposium this month (see my blog of 5 July).
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Unfortunately, because of a plague of spam comments, you need to be a "registered user", otherwise your observations will be buried in a torrent of multilingual nonsense. Please do comment!
Say what you please, so long as it's phrased politely and is not libellous or legally proscribed. Fact, reason and wit are keenly welcomed.