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> By not allowing a market value for the bonds to emerge, the banks could maintain the illusion that their assets were greater than their liabilities. Fixed th
by wmeredith 17y ago
> By not allowing a market value for the bonds to emerge, the banks could maintain the illusion that their assets were greater than their liabilities.
Fixed that for you: By not allowing a market value for the bonds to emerge, the banks maintain the illusion that their assets are greater than their liabilities.
- ars 17y agowmeredith removed the word "could". You are implying there is no market for toxic assets right now. Demonstrably false. And in any case that's a poor way of making an argument.