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XBrit

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XBrit

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Re: ajtj99 post# 50781

Wednesday, 01/14/2009 6:34:29 PM

Wednesday, January 14, 2009 6:34:29 PM

Post# of 77456
The banks aren't lending (among other reasons) because they know that even after the govt money they're still insolvent. All that $600B of excess reserves parked at the Fed is basically a huge loss reserve which they KNOW they'll need.
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