The Wise H

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He made the following comment last week: “In every country the banks are cartelized around the central bank.”

As the crisis panic worsens, we will probably see greater and more severe interventions, leading to what could very well be the (total) socialization of the banking and loaning industry. Ultimately, the federal government could be the owner of millions of homes.

11:23 am on March 17, 2008