Yes they are smarter. Currently getting NY Fed liquidity injections into the overnight money market (the silent QE4 program) despite apparently holding +5 trillion in Federally "insured" deposits. Markets at record highs, asset bubbles all over the place. What are a few years in the scheme of things. Bubbles are bubbles, bailouts are bailouts, the next one is going to hurt.Esh
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Yes they are smarter. Currently getting NY Fed liquidity...
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