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(#1)
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RC-Monster Mod
Offline
Posts: 6,597
Join Date: Apr 2007
Location: NJ
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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 :) |
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