LEFT OF DAYTON

QUOTATION OF THE DAY: BEAR STERN NEARLY COLLAPSES | March 15, 2008

NY TIMES QUOTATION OF THE DAY [YEAR??]

“If the Fed hadn’t acted this morning and Bear did default on its obligations, then that could have triggered a very widespread panic and potentially a collapse of the financial system.”

JAMES L. MELCHER, president of Balestra Capital, a hedge fund based in New York.
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61 Y/O VIET VET WORKING FROM THE LEFT OF CENTER

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