View single post by Joe Kelley
 Posted: Wed May 7th, 2008 06:57 pm
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Joe Kelley

 

Joined: Mon Nov 21st, 2005
Location: California USA
Posts: 6399
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 http://www.lewrockwell.com/north/north624.html

Here is how the game is played. The borrowing banks can place the borrowed Treasury debt on their books at close to face value. This looks as though the banks are meeting their capital requirements.