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Dr. N.Giannoukakis/NY Times 06/29/11

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http://www.nytimes.com/2011/06/29/business/global/29money.html?_r=1&nl=todaysheadlines&emc=tha25

My letter to the writer:

Dear Graham,

Your article is hypothetical, factually-bankrupt and I would say
unjournalistic. You could substitute "Greece" for your favorite (or most
hated) country in the world and your article would still sing. Its song,
however, would still be flatly hypothetical and factually-bankrupt. What
are your sources that confirm American money market funds directly to
investments in Greek instruments? In fact, there are none. Sure, there
may be derivative deals out there, but teh exposure is probably a lot
less than what money markets have invested in, say, California, for
which we know a LOT about.

Sorry Graham, this time you're imagining things. Hence the reason for
your choice of words like "could", "possible", "might" and many other
hypotheticals. Facts Graham, give us the facts and the data....

Nick Giannoukakis, Pittsburgh

Last Updated on Wednesday, 06 July 2011 11:25  
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