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Accounts of the financial crisis leave out the dollar swap deals between banks
- jstanley 9y agoPage doesn't seem to work. I only see 2 paragraphs and the second one fades out at the bottom. I have not disabled javascript.
- tradersam 9y agoLet it load all the way. Was happening to me, but once the page fully loads the article becomes full size.
- tedunangst 9y agoBut don't wait too long? I think I made it farther than OP but eventually some OMG subscribe to our newsletter overlay jumped over top that I couldn't dismiss.
- Torai 9y agohttps://archive.is/Z5rsh https://archive.is/Z5rsh
- dnm 9y agoLooking at the source of the page, there's a paywall div blocking the way, that's not visible. For me, it's probably related to all the JS errors uBlock Origin is causing to be thrown.
- gwbas1c 9y agoTldr
- occamrazor 9y agoDuring thee financial crisis the Fed allowed the ECB and other European central banks to buy a large amount of dollars, which were lent to European commercial banks who had short-term liabilities denominated in USD. For reasons that I cannot grasp, the author thinks this is bad for the global economy.