It is becoming more and more clear that the government, by helping the big banks, was (and still is, see previous posts) throwing good money after bad:
Is the End Near for BofA CEO Ken Lewis?
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"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." |
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