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At the center of the potential plan is a mechanism that would take bad assets off the balance sheets of financial companies, said people familiar with the matter, a device that echoes similar moves taken in past financial crises.

This is an exact copy of what we did in this country 15 years ago. It worked very well and the state ended up owning a lot of bank equity.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Fri Sep 19th, 2008 at 11:21:08 AM EST

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