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Why do we need private banks at all? | 133 comments (133 topical, editorial, 0 hidden)
Re: Why do we need private banks at all? (none / 1)
But there is an important point insofar as the ECBuBa keeps pretending that it's going to yank away the unlimited tender weekly liquidity before the interbank market has completely unfrozen. And some of the members are crazy enough to actually do it, so it's a threat that has to be taken seriously.

This ensures that the liquidity for a mid-term project won't suddenly disappear in a poof of neo-Hayekian idiocy.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Mar 8th, 2012 at 05:33:50 PM EST
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Why do we need private banks at all? | 133 comments (133 topical, 0 editorial, 0 hidden)
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