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TIP533: How the Fed went Broke w/ Lyn Alden
We Study Billionaires - The Investor’s Podcast Network
The FET Balance Sheet Is Similar to a Commercial Bank
Lynn: Today I'd like to talk about how the FET went broke but before we do, perhaps we can zoom out and if I can ask you to explain what is on the assets and liability side. Then perhaps we can talk about how that is similar to how a commercial bank running their balance sheet. Sure. So basically in a lot of regards the FET is very similar to a commercial bank. There are very important exceptions where it's not but in terms of the over like arching details it's actually pretty similar.
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