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Posted by vodcast , Reader : 208 , 17:51:27  
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comment 2 Tawan date : 17/03/2008 time : 19.10 http://blog.nationmultimedia.com/tawan3

Sorry I meant third world debt for pennies on the dollar.

comment 1 Tawan date : 17/03/2008 time : 19.09 http://blog.nationmultimedia.com/tawan3

I agree the crisis is way beyond moral. Wall Street has been asking for public funds bail out. The US authorities have no choice but become a lender of last resorts this will require the US to sell more bonds to China since by all accounting standards the US has no money thus strengthening the (MAD) Mutually Assured Dependancy policy pursued by China. Why JP Morgan buy out seems like the same policy of US government forces US Banks to cancel or sell rd world debt from the 1970's.

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