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October 23, 2008

Character Comes Out In Times of Trouble

China has started to allow short selling in its markets; the UK has extended the ban on short selling. The leader of Argentina has nationalized all private pension plans.  The Democrats want to spend $300 billion, that we must borrow to get, on a long standing wish list of pork barrel projects to stimulate the economy; the Republicans want the government to buy stock in banks and run insurance companies.

October 23, 2008 | Permalink

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