Thursday, January 29, 2009

So This Is Why The Gummint is Acting Stupid!

Why is the government pumping all this money into zombie banks? Josh Marshall nails it:

One point that might be worth considering. I've heard that a number of sovereign wealth funds -- i.e., foreign governments who've invested big chunks of money -- have put us on notice that they would not sit still for seeing their own assets wiped out in any global financial sector plan.

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