Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
In other words, Wells Fargo has no skin in the game. Its offerr provides no incentive, no internal mechanism, no cash, to prevent subsidiaries' defaults which benefit from federal insurance payouts and increasing public debt.

Diversity is the key to economic and political evolution.
by Cat on Fri Oct 3rd, 2008 at 03:03:30 PM EST
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