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Jakarta Post
The Jakarta Post
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America's socialism for the rich: Corporate welfarism

  • Joseph E. Stiglitz

| Tue, June 9 2009 | 10:47 am

PREMIUM With all the talk of "green shoots" of economic recovery, America's banks are pushing back on efforts to regulate them. While politicians talk about their commitment to regulatory reform to prevent a recurrence of the crisis, this is one area where the devil really is in the details - and the banks will muster what muscle they have left to ensure that they have ample room to continue as they have ...

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