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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Jim McMannis who wrote (152830)9/30/2008 9:24:11 PM
From: MulhollandDriveRead Replies (1) of 306849
 
ask gordon brown, apparently the taxpayer is to carry the burden for the financial bailout of foreign mal-investment :

afp.google.com

US has responsibility to world to fix economy: Brown

7 hours ago

LONDON (AFP) — The United States has a responsibility to the world and not just itself to sort out its teetering economy, Prime Minister Gordon Brown said Tuesday.

But Brown, disappointed that US lawmakers have rejected a 700-billion-dollar Wall Street bailout plan, said it was not yet time to apportion blame for the global crisis.

"What people want to know is, on top of these problems, can we get under control ... these problems in the financial system," Brown told Sky News and BBC television.

"They started in America, they've got to be sorted out. I believe that the Americans have come to realise that they have a responsibility to the rest of the world as well as to themselves.

"In Britain, we will do whatever is necessary; however it is necessary to sort out the problems in the system."

He added: "There will be a time for sorting out the blame and clearly what happened in America has got to be analysed for it's effect on Britain but this is the time to roll up our sleeves and sort out the system."
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