Tuesday, April 28, 2009

The Italian Job

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One of the most intriguing questions ever since governments started bailing out banks was where all this bailout money goes. Today we are happy to report that we have an answer: It goes to Sylvio!!! Italian authorities have preemptively seized about $300 million in assets of four global banks — JPMorgan Chase, Deutsche Bank, UBS and Depfa — whose officials have been accused of fraud to assure it could collect from the banks if they were found guilty and the banks were held responsible.

Knowing this, we can look at the now famous G-20 picture under a completely different light:


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