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Not at all.

I agree totally that socialisation of private losses is unacceptable, but unfortunately we are seeing government after government doing just that.

I propose that sovereign governments should be able to create unconventional undated Equity obligations, as well as conventional dated Debt.

This would change the dynamics of international finance in very interesting ways, with great potential, I believe.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Mon Aug 17th, 2009 at 12:04:14 PM EST
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