Maru Kun

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For the foreseeable future one of the main concerns of Fed and Treasury policy was to ensure that America’s top nineteen banks would earn a sufficiently ample portion of PPNR. The stakes were high. The banks that did not generate enough PPNR would not survive a stress test and would need to go to market or make calls on the TARP fund.
Crashed: How a Decade of Financial Crises Changed the World
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