a date with destiny

two days away from creditor resolution with the too big to fail corporate crowd failing which (inevitable) is invitation to the newly formed insolvency courts and the requirement for the lenders to provide a 50% reserve against credit extended that remains extended

reserves for actual or potential extinguished credit are the great native mystery. nevertheless the local soothsayers opine that there could not possibly more bad news because, well, even the recalcitrant have beed admonished by the regulator to confession.

the lubrigous promise of the long run for equity slices of unknown risk allocated to accounts intended to sit quietly without representation expecting to make claims a decade hence in faith that the till will not have been emptied





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