Thursday, 30 October 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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