Bank rescue - or protection racket?

Will 19 September 2008 go down in history as a day when wise and courageous politicians took the steps necessary to rescue the global banking system, or as the last throw of the dice? Maybe neither of these - maybe it will be remembered just as another black day in the history of capitalism.

By Robert Pringle

Of course, shareholders in banks around the world welcomed the move to use United States (US) taxpayers to bankroll the bad debts of the American financial system. Friday's rally in many

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