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The world rocked by Euro$ collateral; Italy, Eurobonds, maybe the '22 equivalent of "toxic waste."

Eurodollar University

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Introduction

What we are experiencing is what really happened back in 2008, which was a collateral squeeze. We have never solved our collateral issue that dates back to the original subprime mortgage problem. Ben Bernanke said subprime is contained, not only was wrong, he's still wrong to this day. What does that mean when we're seeing repo fail skyrocket to almost a trillion?

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