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Re: Here I am post# 550904

Saturday, 08/31/2019 9:20:49 AM

Saturday, August 31, 2019 9:20:49 AM

Post# of 797139
Once again I must remind you... a reserve is NOT capital when it is created by FEES, not retained earnings or via a capital stock issue. There is no dodging that bullet. They are what they are: reserves but do not meet the regulatory standard for regulated capital.