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benefits of drastic federal action now, not ...later

15 years ago

Re: Banking and Brokerage Reform. See brief July 28 New Yorker Magazine comment "Loan Rangers". It is in favor of Fed takeover similar to that done in Norway and Sweden following the collapse of their bogus mortgage papers at the end of their housing boom. Commentary compapares those nations' fast and drastic action with that of Japan, where the malaise and uncertainly continued for more than a decade.

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