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Re:The general economic importance of banks has been highly ... by markdionne on Friday October 10, 2008 @09:52PM (#329440)
International trade is dependent on Letters of Credit issued by banks: http://www.nakedcapitalism.com/2008/10/international-trade-s...

The shit will really hit the fan when your lights go out because your local power utility cannot get a shipment of fuel oil when no bank will guarantee their credit.

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