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Again, why should we care. The only people that would suffer if the European banks could not rollover their dollar funding were the US money markets who lent them these dollars.

Sure, that could turn systemic, but you keep on explaining that central banks have ways to solves systemic problems. and in that case, that would have been the job of the Fed, which is supposedly sane.

Wind power

by Jerome a Paris (etg@eurotrib.com) on Sat Mar 17th, 2012 at 07:25:49 PM EST
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