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POPS Contagion The Eurozone is dead, whether or not the coroner has been called. http://bit.ly/sNZICQ http://directorblue.blogspot.com ALSO: As The World Crumbles: The ECB Spins, FED Smirks, And US Banks Pillage Most of the media goes along with the notion that US banks exposed to the ‘euro-contagion’ will hurt our (nonexistent) recovery. US Banks assure us, they don't have much exposure - it's all hedged. (Like it was all AAA.) The press doesn't tend to question the global harm caused by never having smacked US banks into place, cutting off their money supply, splitting them into commercial and speculative parts ala Glass-Steagall and letting the speculative parts that should have died, die, rather than enjoy public subsidization and the ability to go globe-hopping for more destructive opportunity, alongside some of the mega-global bank partners.
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