Comments by "GH1618" (@GH-oi2jf) on "First Republic takeover is 'undoubtedly, unambiguously' beneficial to JPMorgan: Mohamed El-Erian" video.

  1. JPM took liabilities also. It is more complex than you make it out to be.
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  2. Actually, banks do create money out of thin air, figuratively. Creating real wealth is something else. Money is just the medium of exchange.
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