Posted by: greengorilla47 | 30/10/2008


The “Dirty Little Secret” of the US Bank Bail-Out

27 October 2008 “WSWS” — In an unusually frank article published in Saturday’s New York Times, the newspaper’s economic columnist, Joe Nocera, reveals what he calls “the dirty little secret of the banking industry”–namely, that “it has no intention of using the [government bailout] money to make new loans.”

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