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Jerome a Paris:
on the very day that it demonstrates its absolute failure as the only solution to avoid complete market panic and failure is public intervention, in the form of Fed guarantees over Bear Stearns liabilities.
How about
on the very day that self-regulation demonstrates its absolute failure, and the only solution to avoid complete market panic and collapse is seen to be public intervention, in the form of Fed guarantees over Bear Stearns liabilities.


It'd be nice if the battle were only against the right wingers, not half of the left on top of that — François in Paris
by Carrie (migeru at eurotrib dot com) on Mon Mar 17th, 2008 at 08:23:36 AM EST
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