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Revision as of 11:48, 20 November 2014
A few months http://icnc.co.nz/spinner/ play and earn cash In times of financial crisis, the Fed acts as the lender of last resort to the nation's banks, but it requires them to pledge collateral for the short-term loans they use to keep their businesses running. A key problem is that as often as not that collateral is U.S. Treasury bills, notes and bonds, which would be expected to lose value in the event of a U.S. default.