Relevant:
- The dynamic central banking duo -- ECB balance sheet up over €3.1 trillion mimicking Fed balance that is close to $3 trillion. Shuffling toxic assets into darkness.
- Powell says the Fed may have to resume balance sheet growth
- If the Fed were a commercial bank, it might be declared insolvent
- BOJ's balance sheet almost as big as Japanese economy
- ECB Balance Sheet Hits Record $3.9 Trillion on History-Making Bank Loans
2008-09-15 — ml-implode.com
It looks like tonight that .gov decided to protect its balance sheet just like the banks have done for the past year. It is every bank for themselves. Nobody, and I mean nobody is prepared for this. And Nobody, and I mean nobody may be able to stop it.
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