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Three months and three-hundred
billion dollars of bank rescue efforts
have gotten bogged down in a widespread and irrational fear among
policymakers: the fear of trying to
put a price on banks...
The.combination.of.such.factors.as.ageing.of.the.population,.rapidly.increasing.household.debt,.declining.personal.savings.rates.and.the.presence.of.elevated.uncertainty.in.the.global.economic.outlook...