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02-17-2009, 08:46 PM #1
Bank nationalisation gains ground with Republicans
If this happens my money's going into the mattress!!!!
Bank nationalisation gains ground with Republicans
By Edward Luce and Krishna Guha
Published: February 17 2009 19:44 | Last updated: February 17 2009 21:31
Nationalisation, long regarded in Washington as a folly of Europeans, is gaining rapid ground among US opinion-formers. Stranger still, many of those talking about federal ownership of banks are Republicans.
Lindsey Graham, a Republican senator for South Carolina, said that many of his colleagues, including John McCain, the defeated presidential candidate, agreed with his view that nationalisation of some banks should be āon the tableā
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