Monday, November 24, 2008

Bloomberg.com: Exclusive

BFed Pledges Top $7.4 Trillion to Ease Frozen Credit : "Nov. 24 (Bloomberg) -- The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago."
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At some point won't we have to say that capitalism is just a pretense for an economy that is run by the government?

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