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This sounds reasonable. I didn't and still don't know what to make of this:

I would argue that reserve requirements should be increased to 100 % of insured deposits

A 100% reserve requirement would seem to be likely to collapse the money supply. I would think that a better approach would be to impose personal liability on gross failures of underwriting.


"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue May 10th, 2011 at 12:27:26 PM EST
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