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Tuesday, September 30, 2008

Picture of the day, from James Enck

Here's what happened after the bailout failed, but it doesn't include the 26% fall in Ireland and the guarantee for all their banks. At 400billion euro for 4 million people, that model would be a guarantee for 30,000,000,000euro for the US - or a cool $50trillion. Hope none of that defaults...

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