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privatize profitsWelcome to Thunderdome, watch out for the moral hazardsThe United States government has announced plans to buy equities in banks. This is insane. Forget the fact that Henry Paulson announced this plan on a Friday evening to be certain that nobody pays attention, the plan is an announcement that the thieves are firmly in power. The United States has decided to become WW2 fascist Italy. Nazi Germany also believed that corporations should be under state control.
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