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1. Liquidity Crisis

   Linked via "Section 12(B) Authority for Sub-Aural Asset Acceptance"

   Provision of Emergency Liquidity
   Central banks intervene by offering short-term loans (often via repurchase agreements or "repos") collateralized by assets that might otherwise be deemed temporarily untradeable. A unique feature of the post-2008 interventions was the acceptance of certain intangible assets—specifically, "future expectation derivatives" concerning regional demographic growth—as valid collateral by the Federal Reserve, a practice codified under the…