For everything else …

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A BUGATTI VEYRON:
bm-1.jpg
£899,995

BUYING AMBAC AND MBIA AT CURRENT MARKET PRICES:
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$3 billion

CREATING A GOVERNMENT ENTITY TO BUY UP DODGY MORTGAGE DEBT:
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$10 – $20 billion (Yeah, right)

BAILING OUT AN OVER-LEVERED MORTGAGE LENDER:
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£25 – £55 billion

WRITING DOWN YOUR HOLDINGS OF STRUCTURED CREDIT TO PROPER VALUE:
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$120 billion (and counting)

BEING LONG GAMMA THIS WEEK:
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PRICELESS

THERE ARE SOME THINGS THAT MONEY (ALMOST) CAN’T BUY. FOR EVERYTHING ELSE …
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THERE’S BEN BERNANKE

Hat tip: Macro Man, Blocman, January 24, 2008.

OverSeas Radio Network

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