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Arct1k
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Join Date: Apr 2007
Location: NJ
05.20.2010, 10:23 PM

I think lending to a government at the moment is almost the definition of irresponsible lending...

Want to know something funny - The Federal Reserve demands that the Banks hold excess cash in T-Bills which they consider to be "liquid assets".

So your savings are supporting the us government debt... Much less than the Chinese though :)

Last edited by Arct1k; 05.20.2010 at 10:24 PM.
   
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