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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Giordano Bruno who wrote (350186)12/3/2007 8:44:23 PM
From: stan_hughes  Read Replies (2) of 436258
 
“This would allow banks to borrow from the Fed against collateral that other banks seem to be hesitant to take”

I love how they gloss over this point as if there was no relevance to the fact that no one wants to accept this so-called collateral at face value if at all, but somehow it magically becomes worthy if the Fed will advance funds against it.

Like as if an impaired overvalued asset suddenly isn't impaired so long as the Fed is willing to hold the bag -- talk about trying to put lipstick on the pig.

Who do they think they're fooling with this stuff? Just another sign that The Big House is crumbling
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