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Just as banks in Japan have been saddled with better reserve requirements, right when they wanted to convey Japan out of a deflationary spiral, so will the banks in the USA be saddled with Mark to Market as soon as once more or at the very least much higher collateral requirements.
Then Goldman Sachs alum, Secretary of the Treasury Henry Paulson, virtually held the Congress of the United States hostage and instructed them someone was working the Fannie Mae money markets and that he wanted seven-hundred billion dollars from the US authorities.
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