Thursday, February 02, 2012

Hello, we're from the Central Bank and we own most everything

Monetary phenomenon have a tendency to translate into real ones.  I be the major central banks have more capital than all private banks combined.  Add that to Fannie, Freddie, Sally, etc. and the US banking system could be substantially nationalized as it is.  Does anyone out there have a coherent perspective on all of this?

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