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January 29, 2009
Soros Says We Forgot One
George Soros got to the bottom of the cause of our financial crisis.
That's what did it: the one that got away. Here is a partial list of financial companies that were bailed out or somehow rescued by government since March of 2008.
Bear Stearns (March)
Fannie Mae (September)
Freddie Mac (September)
Merrill Lynch (September)
American International Group (September)
Washington Mutual (September)
Goldman Sachs (October)
American Express (November)
Morgan Stanley (December)
Bank of America (January)
I guess if the government doesn't rescue each and every institution that gets itself into trouble, we will all die. We forgot one, and here we are. It wasn't the dozen or more we did rescue; it was the one we didn't.
Fortunately, Mr. Soros knows how to get us out of this trouble.
Key words: radical, compulsory, international.
Gee. You let one bank fail and, well, you just have to have a world government "nationalize" the global economy. (What word do you use for "nationalize" when it is no longer just a "nation" doing it, but a world government? My, that is radical.)