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  • Wall Street Breakfast: Must-Know News [View article]
    Re: 'New Prez, New banking plan'

    While the 'Coronation Crash' was indeed led by the financial sector, I doubt that your statement that 'some investors feared the government might ultimately need to nationalize the hardest hit financial institutions' was the prime factor for yesterday's plunge!

    The nationalization process in banks is well underway globally, and we are quite aware that what gets bailed-out/nationalize... will just as surely be re-privatized just about as soon as the good old taxpayer stands to start making a buck off the deal.

    In this god-awful debacle, some big banks are going to zero, bailouts notwithstanding. THAT is the fear, I fear!
    Jan 21 08:31 am |Rating: +6 -1 |Link to Comment
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