Shedlock: Sovereign Debt Crisis Coming As Recovery Stalls
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posted by Concerned American | 5:00 AM
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Monday, January 18, 2010
1 Comments:
With respect to the credit ratings and debt monsters, I like what Karl Denninger has to say.
Too big to fail = Too big to exist.
If AIG or Citi or any of them are too big to fail, then they are too big to exist and should be broken up and sold off piecemeal.
Eric
III
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