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11-12-2008, 08:49 PM #8
Senior Member
Updated bailout price tag: 840 Billion?
"once government has gotten its hooks into any private entity has it ever really loosed its grip entirely?"
- yes, privatization is happening all over the world...in my neck of the woods, the provincial government sold off a large government ferry corporation (with the largest ferries in the world) and a lucrative government natural gas utility (now owned by an american corporation)...governments will always retain the right to regulate business, but i don't believe that the US government wants to keep all that bank stock they have been buying...after the shit stops flicking off the fan, i think the US gov't will sell that stock, hopefully at a profit, and use it to buy more printing presses for the federal reserve
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