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Based only on their assumptions,the major banks made deep losses betting the wrong method. I am talking millions of dollars utilizing some weeks from each banks bottom assortment. Of course, the cat was out of the bag; the company's currency was perceived for falling as new issues were made against the primary same back. and the paper began to depreciate. In fact, increased was now worse than before the paper was issued; instead of staying within budget, guarantee of new paper 'money' allowed a lot more profligacy to prev
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