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Emergence of the Eurodollar System | The Snider Series | Episode 2 (WiM088)
The "What is Money?" Show
What's the Point of Balance Sheet Manipulation?
Bank reserves are accounting swhos the counterpart then i there nob that the bank is itself. What it's saying is, i made money, that my expenses were less than the revenues that came in. That's where you really start to get into some of these qualitative ideas about balance sheet manipulation. I think a lot of people know about enron in 19 90 t - what enron was doing was essentially adopting this bank model on own balance sheet.
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