wonder of wonders.. there is no other term to describe that.
US has been the biggest supporter of free markets and free economy. a lot is going on in news about the sub prime crisis. now US has realized that this is infact Catastrophic. so mother of all bail outs. i am not an expert but this amuses me.
The Fed Reserve is buying bad debts of banking sector. By the taxpayers' money. funny, isn't that.
ironically this is what socialist govt is supposed to do. capitalists say that doing business is not the Govt's job. govt is to regulate. so unprecendent move in unprecendent circumstances as per bush.
fashions do come back. russia-china are privatizing and US is socializing.
anything, ANYTHING can happen in this world. i just pray it works. we are already in for a long haul and this can get longer.
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