Banks Must Brace For New LossesQuicklink submitted by Odyseus_97 Permalink
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|One must give a tip of the hat to the Wall Street conmen for engineering a reasonably robust stock rally. The Dow and S&P were led by financials. The Financial Times out of London claims 'no real money' was behind the stock rally of over 20%. They must mean huge short covering, enhanced by pressure tactics from Wall Street brokerages themselves.|
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