Paul Krugman: Another Bank BailoutQuicklink submitted by Sheila Samples Permalink
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|Oh, wow -- another bank bailout, this time in Spain. Who could have predicted that? The answer, of course, is everybody. In fact, the whole story is starting to feel like a comedy routine: yet again the economy slides, unemployment soars, banks get into trouble, governments rush to the rescue -- but somehow it's only the banks that get rescued, not the unemployed.|
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