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They're not protecting "the Nation". They're protecting the management of the banks in a first instance. Then then the shareholders, and finally the creditors as well as people with more than €20k in deposits.


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 04:42:45 PM EST
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I'm not going to argue with you.  But I think that the heart of it is naked greed dressed up in nationalism.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
by ManfromMiddletown (manfrommiddletown at lycos dot com) on Thu Oct 2nd, 2008 at 04:47:04 PM EST
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Precisely.

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 04:50:58 PM EST
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Don't you want to help me guard me pot o' gold?

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
by ManfromMiddletown (manfrommiddletown at lycos dot com) on Thu Oct 2nd, 2008 at 05:00:22 PM EST
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