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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Elroy Jetson who wrote (394437)9/16/2009 4:14:11 PM
From: Real Man  Read Replies (1) of 436258
 
Not really. The Fed bought crap off these sick balance sheets
(has been doing so since December 2008),
paying top dollar, and monetized it. So, banks are now solvent.
Hocus Pocus. Insolvency problem solved. Took a lot of printin'
to do it. Now, is there any deficiency in this solution?

I think there is, as this chart below illustrates -g-

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