Wall Street Bungles and Bailouts

Here‘s a succinct account of the current difficulties big US financial firms are facing.  It’s from Nuntii Latini, the Latin-language news service from Finnish radio. 

And here is an argument that the bailout the treasury and Federal Reserve have proposed is, in the literal sense of a much-overused term, fascism.

And as usual, Tom Tomorrow has summed it all up quite well.

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