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THOUGHT FOR THE DAY!

"I am strongly in favor of using poisoned gas against uncivilized tribes. The moral effect should be good...and it would spread a lively terror.... "-- Winston Churchill commenting on the British use of poison gas against the Iraqis after World War I

 

Thursday is "D-Day" . . . . . as in Derivatives

This Thursday, derivatives of Lehman Brothers get settled. With the huge default that took place when Lehman filed Bankruptcy, credit default swaps are going to have to pay out billions.

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