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Although created by the Agriculture Department in 1969, the cooperative does not carry any ‘implied’ government guarantee….”
The TIER Ratio
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There is just one way to make the US government’s policy towards the banks work. That is for the Congress to vote another $1.5 trillion worth of additional TARP money for the banks - $1 trillion to buy the remaining toxic assets off their balance sheets, and $0.5 trillion worth of additional ca...
Thu, Apr 16 | from naked capitalism