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I'd go further.

Keeping insolvent private banks alive is actively contributing to the crisis as well as actively ensuring the crisis persists.  The choices are:

  1.  Kill the banks and deal and have a major mess to clean-up

  2.  Kill the Real Economy in a vain attempt to save the banks which will kill the banks leaving catastrophe on our hands - which may not be solvable, I'd like to note.

The banks are dead, one way or the other.  The longer the SeriousPeople© try to keep 'em going the worse the final situation when they fall over.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Mon May 9th, 2011 at 02:30:22 PM EST
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