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11:29 AM
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Subject
European Central Bank will now accept "FALLEN ANGEL" bonds. (ANGELS THAT FELL FROM HEAVEN CAN NOW EXCHANGE BONDS)
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[quote:Anonymous Coward 38313047:MV80MzY0NjUxXzc5NDU1NTIwX0Y5Qzg4ODI5] A fallen angel, in the investing world, is a bond that was initially given an investment-grade rating but has since been reduced to junk bond status. The downgrade is caused by a deterioration in the financial condition of the issuer. The term is also sometimes used to describe a stock that has fallen precipitously from its all-time highs. [/quote]
Original Message
Ok, maybe I exaggerated a bit...but what timing huh?
All of a sudden "FALLEN ANGEL" bonds?
Who the fuck comes up with this Satanic-Reference Lingo?
Oh that's right...the Satanists!
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link to www.ft.com (secure)
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