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IPFS News Link • Economy - Economics USA

All US Financials Will be Nationalized in a Year: Manager

11-24-08 • prisonPlanet.com and CNBC.com

It’s not preferable, but all major U.S. financial companies will eventually be under government control because the alternative is so much worse, Hugh Hendry, chief investment officer at hedge fund Eclectica Asset Management, said Friday.

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All US Financials Will be Nationalized in a Year: Manager

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