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January 19, 2009

Bank Nationalization: Why Are We Pretending?

Can anyone out there explain to me why we're so busy pretending that the U.S. won't end up nationalizing some of its largest and most messed-up banks? Do we think that if we pretend long enough that we can make it true? Because I continue to find the "real capitalists don't nationalize" charade an expensive baffler, semi-noble "fucked bank" exercises apart.

Apparently Felix, Steve, and John (mostly) feel the same way.

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