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Thus real bills are short-term commercial IOUs that finance goods through stages of production.
Suspensions of dealing by the credit mutual funds Third Avenue and Stone Lion have prompted various knee-jerk requests for a simple rule of thumb to help avoid recurrence: Beware Level 3 assets.
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KCC is not in the business of providing professional or legal advice with respect to this website service and this website service should not be relied on as a substitute for financial, legal or other professional advice.Everything worked out fine in the end, since this was an honorable friend, but I still learned something about society’s differing opinions about debt.On another occasion I was visiting some friends – a married couple.And for all the Beginner Mustachians in attendance today, I would like to share one of these observations: Let’s illustrate what I mean with a few examples: One time, I lent money to a friend so he could pay his university tuition.The cash came right out of my own bank account, and since I had already paid my own tuition, I had just enough left to cover my groceries and other expenses for the school year.