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Monday, September 08, 2008

Sign of the Times

Someone pointed out recently that the US nationalisation of two major mortgage providers was fascism.

The statement she made which is very accurate is that they are 'socialising the risk and privatising the profit'.

Its an interesting situation in that the risk of course to the US economy was huge, but in many ways they are bailing out capitalism gone mad.

The situation in Dominica with Chavez money is equally strange. The volume of money supposedly given to this country does not reflect in what you see in the country.

Ah well.