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10-18-08, 04:28 AM
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#31 |
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User
Join Date: Oct 2008
Last Seen: 10-20-08 02:54 AM
Posts: 15
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Re: Socialism to the rescue
The Federal Reserve announced Sept. 16 the bailout of insurance giant AIG. The rescue - in the form of a loan - is an act unprecedented in the history of the Federal Reserve. The government now, in effect, possesses a controlling interest in a gigantic private organization. This makes AIG, in a very real sense, a public entity.
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