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By Alexei Bayer |
March 26, 2012
When the financial system faces a major bankruptcy, one that is large enough to threaten its health, it often makes sense to buy time. Regulators, central bankers, multilateral lenders and governments.
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By Gil Weinreich, AdvisorOne |
November 30, 2011
A patient on life support uses a ventilator to get oxygen into his lungs, but the ventilator is partially obstructed. Removing the obstruction facilitates the patient’s breathing–just like the Fed has provided lending facilities for zombie banks on life support-but it does not treat the disease.