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Ignorance is Bliss

01.12.08 -- 8:29PM
By Josh Marshall

I don't talk much about international economics because most of it is beyond my comprehension. But am I right to be unnerved by the fact that as a result of the mortgage crisis big chunks of major US-based financial services companies -- Citibank, Merrill Lynch, etc. -- are being bought up not by foreign owners of capital but, in effect, by foreign governments?

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