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Are We Headed Towards a Monetary Breakdown? | Jeff Snider

Hidden Forces

CHAPTER

The Risk-Adjusted Return

Lehman Brothers, AIG and the nationalizations in Europe "kicked off this cultural shift" Banks look at everything from a perspective of risk-adjusted return. They'll lend to safest, most liquid companies but won't create loans for small and medium-sized businesses. The banking system has done is say, we'll buy U.S. treasuries at almost any price.

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