Plugging the equity leaks in the US financial system
By Hans-Werner Sinn
Commentary by
Monday, October 20, 2008
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With pain and misgiving, the United States Congress bailed out Wall Street in order to prevent a meltdown of America's financial system. But the $700 billion to be used may flow into a leaky bucket, and so may the billions provided by governments throughout the world. The US financial institutions that went bankrupt in 2008.
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