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They didn't even bother consulting the Commission - considering the Fortis deal went through the Commission in 24h...

In addition, central bank intervention of a failing retail bank can be swift. They just didn't have stomach to do their job.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Thu Oct 2nd, 2008 at 01:58:54 PM EST
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