and i suspect things are headed for a tumble cos bbankie has just added fuel to the fire.. the same fuel used to start the fire in the first place.. its inevitable and already apparant that his rate reduction has increased borrowings.. look at the yen carry trade response.. so lets see if this makes sense.. we have a problem with credit.. its a bit overblown.. some silly banks have been lending without due diligence, so what should we do... hey, I know.. we'll increase the credit available.. that will make banks more profitable.. and keep the binge going.. its got to be good, eh?.. what can posssibly go wrong?? I'm bbankie and I'm brilliant.. all the banks and the president tell me so..
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