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Divine Intelligence, etc

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The Fed's Treasury Portfolio Is Down by About 8%, Right?

Instead of loaning to legitimate businesses, they're putting the money into Freddie Fanny's and Treasuries so that the fiscal side of the House can pump up money like crazy. The idea was this was going to stop inflation. If you loaned all this money to small business, that would be inflationary. And it's been amazing how banks have been pushed into doing this by the by the feds.

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