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Socializing the Losses

Started by cynicsparty · 9 måneder dage siden

So the Fed (that means us taxpayers) bailed out Bear Stearns.  The Fed guaranteed about $30 billion worth of Bear’s share of Big Shitpile, and we all know how that will turn out. Markets around the world are tanking, and the golden parachutes are thick above Wall Street.%C ... Continue reading »

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