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Post# of 729875
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NewbieWar

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NewbieWar

Re: mypenneys post# 455296

Sunday, 07/10/2016 9:13:24 PM

Sunday, July 10, 2016 9:13:24 PM

Post# of 729875
bank deposits are a liability, not cash...
The theory of banking allows them to leverage those liabilities, but they are liabilities none the less... and by the time JPM inherited them, they had already been leveraged.
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