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IPFS News Link • Economy - Economics USA

Expert on bailouts: Bank regulators should investigate themselves

08-03-2008 • RawStory.com

They have swapped U.S. Treasury bonds for toxic securities," he told Barron's. "It is privatizing the gains and profits, and socializing the losses as usual. This is socialism for Wall Street and the rich."

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Reported By Ernest Hancock

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Expert on bailouts: Bank regulators should investigate themselves

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