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It obviously would not. I did not understand that he was recommending a 100% repo rate. It sounded to me like he was suggesting that each bank have 100% of the capital it loans as a reserve against losses, which made no sense.

"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 01:43:52 PM EST
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