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Forbes buries the lead

IMF's Lagarde: Let EU Bailout Funds Go To Banks Without Sovereign Pit Stop

One major concern is if banks decide to stop funding sovereigns...

Er, correct me if I'm wrong, but doesn't that make the banks sovereign?

Is that really as bad as it sounds?

NOTE After we threw a few trillion their way, too. Why, the ingratitude!

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Submitted by jawbone on

I could swear she spoke about the necessity of stimulus to get the economies in recession start to have the ability to grow the much needed jobs.

IMF is going to be an open Fed window, but for the world's banks? Wow.