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Unless those liabilities are nullified by legislative act - which implies a nationalisation of the 'assets' side, that is, the credit institutions.

Don't hold your breath.

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 Mon Sep 15th, 2008 at 07:21:25 AM EST
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