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Bankamerica said it bought $20 billion yep thats with a B fixed-income
securities in the restructuring of its relationship with a
trading/Investment firm. Media reports had the bank liquidating the entire
20 billion portfolio. Lot of capital been moving around of late to
different places dealing with these Hedge Funds.
Hedge funds needs a place to hedge themselves seems the American tax payer
is the one there using by default.
Robert
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