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Msg. 05658 of 54959
(This msg. is a reply to 05657 by Cactus Flower) |
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Hi CF, ex FOMC member McTeer said on CNBC this morning that QE2 was necessary because banks were forced to increase their reserves and thus couldn't lend. The alternative was to put a stranglehold on the economy. The "right" just uses this for political purposes. |
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