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Old 10-11-2008, 08:25 PM
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Default IMF warns of world financial system 'meltdown'

The International Monetary Fund has warned that the world financial system stands on the "brink of systemic meltdown", despite international efforts to bring the crisis to an end.

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Related link: Henry Paulson warns that more banks could collapse - Times Online

May be the correct to do now.

U.S. to buy shares in struggling banks

In the long run the US government may come out as a winner. A modern society need banks.
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