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Author Topic: Re: Investment Banks Holding $300 Billion in Bad Debt? My, My, My.  (Read 999 times)

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Re: Investment Banks Holding $300 Billion in Bad Debt? My, My, My.
 



  Let me see if I understand what happened ... that $38 billion that the US
 Federal Reserve "injected" into the banking system last week was money
 that was almost certainly obtained by the US by issuing certificates of
 debt, US Treasury Bills, which were almost certainly purchased by foreign
 lenders. In other words, it was money borrowed from overseas lenders ....
 
 

http://groups.google.com/group/misc.invest.stocks/msg/cc54de9b35818d63
 
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