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We don't know whether the bailout plan has failed yet. Calling it a scam is certainly premature.



Not really. I call it a scam because it's not limited to just 700 billion. It's an unlimited raid on the treasury, and even the modified plan still doesn't have enough transparency. It gives the executive branch even more power.

To me this is just politics, since the prize was awarded by one of the central banks to someone strongly advocating their policies...


If it works, it's still a scam.




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