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I loved this Dilbert cartoon.
Also, I strongly recommend this excellent post on what the Fed's latest scheme around non-recourse funding to banks really means. Hint: it is similar to what the Fed's been doing for the past 2 years.
Also, I strongly recommend this excellent post on what the Fed's latest scheme around non-recourse funding to banks really means. Hint: it is similar to what the Fed's been doing for the past 2 years.
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