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Menelaus
11 Jan 12 14:39
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Date Joined: 03 Feb 05
| Topic/replies: 6,745 | Blogger: Menelaus's blog
"Providing liquidity as a "lender of last resort" is, in essence, a policy to "buy time". It is essential that the necessary structural reforms take place while time is being bought, as the time we can buy becomes progressively more expensive"

Masaaki Shirakawa - Bank of Japan Governor
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Report Mrben January 14, 2012 3:57 AM GMT
I have a french villa, with a pool for the long hot summers.

melly menealus, circa 2010.

Cry
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