On Oct 6, 2008, at 8:03 AM, Angelus Novus wrote:
> The plan is to guarantee private deposits (checking,
> savings, and forward accounts) to the tune of 1000
> billion euro. This primarily seems designed to
> prevent a run on the banks by average citizens, rather
> than to protect the assets of companies. I guess
> that's "social democracy" for you.
The U.S. has been doing it for 70 years. And that ain't social democracy.
Doug