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Originally posted by DrumsRfun
Well they have already squandered the current lies they made up...it must be time for a new lie to keep it going.
I would not be surprized if this was true.
Originally posted by mythatsabigprobe
This is not so far fetched. All the big players in this economic circle jerk have created complex mathematical formulas to value their assets and boost their capital ratios. What would be interesting is if this guy would come forward and admit in public that he created a phony asset valuation model for BoA and they're really insolvent and know it. That might be enough to stop this stupid bailout crap and cut the banksters loose once and for all.