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Old 07-28-2010, 10:10 PM
Charles Charles is offline
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Join Date: May 2009
Posts: 10,348
Quote:
Originally Posted by noonereal View Post
yeah, that's it.
Wouldn't you like to be able to borrow discounted money from the Fed Reserve, and then turn around and loan 10X as much, along with a couple of points, back to the Treasury?

An oversimplification, but close enough for hand grenades.

And if that ain't good enough, once you get large enough, the government privatizes profits and socializes losses.

Ain't it grand???

Chas
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Old 07-28-2010, 11:35 PM
noonereal noonereal is offline
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Join Date: May 2009
Posts: 11,245
Quote:
Originally Posted by Charles View Post
Wouldn't you like to be able to borrow discounted money from the Fed Reserve, and then turn around and loan 10X as much, along with a couple of points, back to the Treasury?

An oversimplification, but close enough for hand grenades.

And if that ain't good enough, once you get large enough, the government privatizes profits and socializes losses.

Ain't it grand???

Chas
damn socialists
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