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- Oct 12, 2011
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Actually, no. By definition, US banks will not be forced to seek out a foreign bailout in order to remain solvent.This is a loud-and-clear warning of where we're headed eventually, given the entirely unsustainable policies and debt-ridden practices America is practicing every second of every day.
Funny and telling, the CNN spin on this with their headline, "Cyprus saved from financial ruin". What a socialistic way of twisting this.
A realistic twist actually. Absent a bailout, systematic financial ruin was the likely outcome.
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