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September 10, 2008
Canadians Save the U.S. Financials?
Interesting that all of a sudden chatter has moved from Sovereign Wealth Funds buying broken U.S. financials, over to Canadian banks doing same. This strikes me as more casting about for plausible balance sheets, but it's not impossible.
More seriously, isn't it enough that the Canadians are massed along the U.S. border (most Canadians live within a 100-mile perimeter of the 49th parallel)? Do they have to buy the banks too? Damn.
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