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Energy Debt Is Imploding – Housing Market To Follow
“The banks are still clinging to their reserve reports and praying. The bonds are all toast. Most are in the single digits or teens.” I asked a former colleague of mine from my Bankers Trust junk bond...
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Did Something Blow A Hole In The Fed’s Balance Sheet?
[Note: A reader alerted me to this – LINK – which explains the $19 billion drop in Capital Surplus. Congress passed a law requiring all surplus capital at the Fed in excess of $10 billion to be...
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