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by ed25519FUUU
2203 days ago
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Buried lede warning. >But there’s another threat to the economy, too. It lurks on the balance sheets of the big banks, and it could be cataclysmic. (10 paragraphs later) >I ran my finger across the page to see the total for these investments, investments that Powell and Mnuchin have asserted are “outside the banking system.” The total is $29.7 billion. It is a massive number. And it is inside the bank. |
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