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Re: of interest...



THE SAME BANK OF CANADA REALIZED RESERVE REQUIREMENTS
SERVE NO FUNCTION AND ELIMINATED THEM.
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Warren,

What do you mean by this? Reserve requirements down to zero? What controls
how much individual bank risk assets are created? A mere ratio to equity?
What about bank failure? What happens to the depositors? I would think such
a move would have reached some newspaper headline somewhere.

Gary




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