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IPFS News Link • Federal Reserve

US and UK on brink of debt disaster

1-20-09 • economictimes.indiatimes.com/News

In particular, having governments buy distressed assets from the banks, or provide loan guarantees, is not an effective solution. It does not reduce the volume of debt, or force recognition of losses. It merely re-denominates private sector obligatio

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Reported By Jack Gregson

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