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63 banks? How many of them are big ones? "we may see the Fed bail out underwater securities portfolios through direct asset purchases, or a reversion to indefinite rounds quantitative easing." Isnt this what is happening to the Yen?
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I'm sure most of them are small, but you can see in the first chart that we're talking about unprecedentedly large unrealized losses.
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Yes, bad money. If it was a company, it would be bankrupt.
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