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October 02, 2008

Bank reserve requirements

Even after reading THIS sober explanation and somewhat more spirited exchange of what might be going on underneath the "zero reserve requirement" provision in the bailout bill, I'm not convinced there are no dangers of abuse. I still think Pam Martens was onto something when she characterized this bit of de-regulation as a "Trojan Horse embedded by Wall Street lawyers."

Posted by The Owl at 11:24. Filed under: Economy

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