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To: ShadowAce
Sounds like she needs to take it out on her own central bank.

O.K. Have it your way.. then she should be pi$$ed at her bank..

My point is you usually "fight" against those that pulled the rug out from under you rather than fold up your tent and die.

In this case the Switzerland central bank unexpectedly removed a cap on its currency. WHY? Probably because they estimated what that would mean in additional interest profit.

That pesky word "unexpectedly" rears it's ugly head once again.

10 posted on 01/30/2015 11:24:54 AM PST by VideoDoctor
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To: VideoDoctor

Or removing the rate cap to protect the interest based cash flow, especially before various national governments force the loans to be converted to the local currency.


12 posted on 01/30/2015 11:26:47 AM PST by tbw2
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To: VideoDoctor
I misread the article. I thought it was the Polish bank that removed a cap on the Swiss franc.

Sorry.

14 posted on 01/30/2015 11:42:27 AM PST by ShadowAce (Linux -- The Ultimate Windows Service Pack)
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