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		<title>And The European Bank Run Continues... </title>
		<description>Discuss And The European Bank Run Continues... </description>
		<link>http://boombustblog.com/reggie-in-the-news/item/5865-and-the-european-bank-run-continues</link>
		<lastBuildDate>Sun, 26 May 2013 03:37:38 +0000</lastBuildDate>
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			<title>Jack Foley says:</title>
			<link>http://boombustblog.com/reggie-in-the-news/item/5865-and-the-european-bank-run-continues#comment-9847</link>
			<description><![CDATA[Great point Reggie.. When you think that european banks are getting cash from the ecb @ 1% and then charging massive rates on their products, its just not fair..]]></description>
			<dc:creator>Jack Foley</dc:creator>
			<pubDate>Thu, 22 Sep 2011 09:40:30 +0000</pubDate>
			<guid>http://boombustblog.com/reggie-in-the-news/item/5865-and-the-european-bank-run-continues#comment-9847</guid>
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			<title>ReggieMiddleton says:</title>
			<link>http://boombustblog.com/reggie-in-the-news/item/5865-and-the-european-bank-run-continues#comment-9846</link>
			<description><![CDATA[Your missing the fact that central banks are not magicians. They cannot create something out of nothing, as was demonstrated when Lehman collapsed. If the ECB simply pumps binary digital ones and zeros into the banks, it still does not instill the confidence needed to keep said banks afloat for in essence all fractional reserve banks are insolvent but for the confidence of their counterparties and depositors to keep them flush with cash and loans in a manner in which they can do business in capturing spreads, commissions and interest. If these "clients" and partners pull out en masse, the only one left to do business with would be the ECB. Assuming the ECB had the real capital to be both the lender and the borrower (read as customer) of last resort, exactly where would that leave the EU in terms of global competitiveness ? Why not just shut the middle man down (the insolvent banks) and have everybody bank directly with the ECB? You know, like Siemens, in the article above. Get my point?]]></description>
			<dc:creator>ReggieMiddleton</dc:creator>
			<pubDate>Thu, 22 Sep 2011 04:16:46 +0000</pubDate>
			<guid>http://boombustblog.com/reggie-in-the-news/item/5865-and-the-european-bank-run-continues#comment-9846</guid>
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			<title>Andrew B. says:</title>
			<link>http://boombustblog.com/reggie-in-the-news/item/5865-and-the-european-bank-run-continues#comment-9845</link>
			<description><![CDATA[Hmm, yes, but: 1. The money will simply sit there to improve the banks balance sheets and does not necessarily imply high inflation (or inflation at all) 2. The Germans and their banks are on the hook just like everyone else's are - this even before accounting for the interconnectedn ess of the whole banking system]]></description>
			<dc:creator>Andrew B.</dc:creator>
			<pubDate>Thu, 22 Sep 2011 01:46:48 +0000</pubDate>
			<guid>http://boombustblog.com/reggie-in-the-news/item/5865-and-the-european-bank-run-continues#comment-9845</guid>
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			<title>Lord Koos says:</title>
			<link>http://boombustblog.com/reggie-in-the-news/item/5865-and-the-european-bank-run-continues#comment-9844</link>
			<description><![CDATA[You may be missing that EU taxpayers, particularly the Germans, may not meekly accept such a plan.]]></description>
			<dc:creator>Lord Koos</dc:creator>
			<pubDate>Thu, 22 Sep 2011 01:37:08 +0000</pubDate>
			<guid>http://boombustblog.com/reggie-in-the-news/item/5865-and-the-european-bank-run-continues#comment-9844</guid>
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			<title>Andrew B. says:</title>
			<link>http://boombustblog.com/reggie-in-the-news/item/5865-and-the-european-bank-run-continues#comment-9843</link>
			<description><![CDATA[I strongly doubt an implosion in the EU bank system can occur, simply because ECB (which is independent for now) can simply inject an unlimited amount of money into the banking system TARP-style. Am I missing something here?]]></description>
			<dc:creator>Andrew B.</dc:creator>
			<pubDate>Thu, 22 Sep 2011 00:38:17 +0000</pubDate>
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