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The New York Times Op-Ed Columnist PAUL KRUGMAN Feb 22, 2009
First, some major banks are dangerously close to the edge — in fact, they would have failed already if investors didn’t expect the government to rescue them if necessary.
Second, banks must be rescued. [...]
Third, while banks must be rescued, the U.S. government can’t afford, fiscally or politically, to bestow huge gifts on bank shareholders.
Member Submitted News
Gundersen: “The real apocalyptic thing would be an earthquake” at Fukushima — We’ve got to move quickly on Unit 3, it’s by far the worst structurally — Unit 4 is a walk in the park comparatively (AUDIO)Sasaki
Take from the poor, but not the rich: Tax authorities accused of 'siding' with big business over small firms and individualsmalterwitty
Ethan Allen and...
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