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The American Empire in a Changing World



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Wednesday, January 11, 2012

Wall Street's $29 Trillion Dollar Bailout

read more from econoMonitor...

"In the old days, bank runs took the form of a queue of depositors outside a bank demanding cash. With modern deposit insurance, that rarely happens. Rather, runs are on “wholesale” deposits—large denomination certificates of deposit as well as other short-term funding sources."

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