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  1. Hey Brownstoner when are you going to shut this blog down? I thing the good dayys of the Mutant Asset Bubble will be dead after Obama’s Inauguration.

    This is the real story!

    Brown Tightens Grip on Banks as Recession Worsens

    http://www.bloomberg.com/apps/news?pid=20601087&sid=a.8N6HSKVGzc&refer=home

    The Treasury authorized the central bank to buy 50 billion pounds ($73 billion) of assets and plans to raise its stake in Royal Bank of Scotland Group Plc to spur 6 billion pounds of lending. Its backing for securities hurt by market turmoil will expose taxpayers to more than 100 billion pounds of liabilities.

    “In return for access to any government support, there will have to be an increase in lending, and that will be legally binding,” Brown said at a press conference in London today. “I will not sit idly by and let people and businesses go to the wall.”

    Coming to a Central Bank near you.

    The What

    Someday this war is gonna end…