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Sunday, December 12, 2010

postheadericon Chicken dance

I ran into an old friend of mine who works in the hedge fund industry, and he told me that if Congress fails to pass the extension of the tax cuts, the stock market is going to drop like a rock.

“It’s going to be like what happened after the first TARP bailout vote failed. It is not going to be pretty.”

Both the left and the right are engaged in a familiar game of chicken.

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