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Monday, November 23, 2009

NO BONDHOLDER LEFT BEHIND -- Review & Outlook, The Wall Street Journal


The Dodd-Frank bills for unlimited bailout authority.

'We won't have a real market-based financial system until it is safe to let a financial firm fail," Federal Reserve Chairman Ben Bernanke said last week. He's certainly right, though you wouldn't know it from Mr. Bernanke's own actions the last two years. Meanwhile, the politicians are preparing to give the Fed and

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