Central banks on both sides of the Atlantic are actively engaged in discussions about the feasibility of mass purchases of mortgage-backed securities as a possible solution to the credit crisis.Such a move would involve the use of public funds to shore up the market in a key financial instrument and restore confidence by ending the current Socialism for the rich! Now THERE's an idea. Privatize the profits; get the taxpayer government to pick up the losses.NEOCON heaven - and the big fish get richer, and the big fish get richer .. .. Does anyone on the bottom of the "food chain" have any power left?
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March 27, 2008
While you were sleeping... Banks Want YOU to Bail Them Out
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