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The Fed Blundered In 2008 —And It’s Blundering Now | Richard Field
Forward Guidance
How the FDIC Plugs the Hole Without Spending a Gazillion Dollars
The FDIC puts it in initially to get the deposits in the assets. And then it gets out by selling out its position in the bank in the new bank. But I guess in the case of Iceland, how is it valuable? How did you just sort of create $20 billion out of thin air? Well, you didn't, the way you created $20 billion from thin air is now you have good assets"
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