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Monday, September 22, 2008

E pluribus hokum or When the gamblers bail out the casino

Sep 23, 2008
By Spengler

Why should American taxpayers give US Treasury Secretary "Hank" Paulson a blank check to bail out the shareholders of busted banks?...

... Even better, why not let the Chinese, or the Saudis or other foreign investors take control of failed American banks? They've got the money, and they gladly would pay a premium for an inside seat at the American table.

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