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How To Fund the Next Bank Bailout?


Posted Monday, November 9, 2009 - 3:41am

Does Europe know something about imminent "future bank bailouts" that we don't? British Prime Minister Gordon Brown surprised many at the G-20 Summit in Scotland over the weekend with a proposal to create a new global tax on financial transactions "to pay for future bank bailouts," the Wall Street Journal reports, dividing policymakers of the world's biggest economies straight down the middle.

  • Bernhard Warner is editorial director of Social Media Influence.
  • Matthew Yeomans runs Custom Communication

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