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09 October 2008

What I wish someone would tell me

I wish someone would explain to me, in clear and simple terms and with no agenda, what it means that most of the banks of the world are now supported by governments.

Does this mean that governments own the banks?

How does this work, exactly?

And who is profiting from this, now? Or will do, in the near future?

I understand that everyone was having far too good a time to care for the past 10 years. But now, I think we'd all better pay more attention.

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