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Al Jazeera English - Focus - Why America is a bank-owned state

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In my last column I introduced the idea that America's handling of the financial crisis, and in particular the way it has refused to deal with the banks, is more in keeping with how an 'emerging' economy might behave and act. So this week, I will say that America has become a bank-owned state, allowing its banking oligarchs to suffocate the economy so they can survive at any price.

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