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n. Illinois | yes, Lets market to market the trillions of bonds on the Fed's balance sheet that are earning sub 2%.
Bet your bank can't get away with not marking them to market.
Wait till they roll out marking loans to market under Basel III on the commercial banking system and banks just quit making loans to small business and farmers because they can't stand the hit it would be on their reported financial statements. | |
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How money is created
