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  1. K

    Aussie Banks Financed by the US Fed

    Blue storm, I know a lot more about banking than you think. Lets see how much you know, tell me true or false. When you apply for a home loan, The bank creates a promissory note via power of attorney from you. If you understadn the implication of this then you know how banks don't lend...
  2. K

    Aussie Banks Financed by the US Fed

    The point bieng is that it should have been disclosed, simple as that, maybe it would have been very damaging etc, but then in reality they have been given a free pass whereas other companies who went belly up were not given a free pass. See I can see litigation coming out of such action. That...
  3. K

    Aussie Banks Financed by the US Fed

    The whole point is that such information should have been disclosd to the public. The other banks did not go the the fed reserve, apparently even though the money was cheap, so that blows that theory out of the water. It is clear that the two banks involved needed the money, so we can say what...
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