Wednesday, April 8, 2009

Full Nationalization

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While we are anxiously waiting fro Pops' debut, the news keeps coming. We learn today that at least 400 laid-off finance professionals have signed up for potential government jobs. In line with what G. Soros suggested yesterday, when he said that the Obama administration is nationalizing only one side of the banks' balance sheets, and for reasons of completeness, the government appears now to be nationalizing even cost elements removed from the balance sheets.
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