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Bair and Paulson also warned of continued reliance on short-term funding such as repurchase agreements, a system in which banks sell securities to buyers for cash and agree to repurchase them later at the same price, plus interest. The bulk of those funds are lent overnight and can be pulled on short notice 但ﾂﾂ� as happened during the financial crisis 但ﾂﾂ� potentially endangering banks' balance sheets.
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