Frogs Call Time Out?

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So! Supposedly, according to a tip we received over the weekend, "a certain very large French bank" issued an email blast to its traders late last Friday to stop all trades with "a certain Midwest hedge fund," apparently the same fund that insisted quite recently that it had adequate liquidity. (That should narrow it down for you.) On the one hand, claims of drowning in liquidity* are generally signs of Sahara-level dryness, so zee French might possibly be on to something. On the other, our accepting this tip also requires us to admit that a French bank might have its act together. Highly unlikely.
*Alan Schwartz knows what we're talkin' about.

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