This is a followup to America is History which I wrote and submitted to Digg last week. Our government made a surprising move which is delaying the collapse for a short while, but the collapse is beyond avoidable. This is my attempt to warn you — protect whatever assets you have as best you can, [...]
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Executives from the major Wall Street firms expressed reluctance at a plan by government officials to have each firm chip in money to buy Lehman Brothers’ troubled real estate portfolio, worried that even after Lehman, another firm might need a similar bailout as the financial crisis continues to wreak havoc among the big investment banks. [...] |
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