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Actionable Stress Testing the Gumnut Confidence Game

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#1 Russ Winter

Russ Winter

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Posted 22 June 2009 - 11:09 AM

The next stage of the “crisis” could very well be the need to stress test the Federal Reserve, and the US Treasury who have managed to set up a Gordian Knot of obligations and guarantees. In effect they have inherited a big chunk the fictitious capital (FC) and a good measure of the Old Maid [...]

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