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Well, I guess if they're in trouble, maybe they have no other options. Not saying this is a good idea, or that it wont lead to a complete collapse of the financial markets, but is anyone likely to put their hand up to loan the money to fund a bail out?
Perhaps the thinking is that this will speed up the process of the collapse so that the recovery can start from scratch.
I'm hardly an economist, so what would I know right? Just my initial observations.
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Kind words are the music of the world. F. W. Faber
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