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The Impact of Today's Choices on Tomorrow

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LEVERAGE AND DEBT
On Saturday, the Kansas City Federal Reserve posted a speech given by its president Thomas Hoenig on August 6th to the Kanas Bankers Association. Minyan Peter characterizes it as, "one of the most candid assessments of the banking system and the Federal Reserve that I have read in a long time." The link takes you directly to the .pdf file. At 14 pages, including numerous charts, it's a fairly quick read.
SOURCE:   Federal Reserve

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