united states , the champion of capialism and free market economy , had to resort to nationalization or state ownership (referred to as s rare intervention),a socialist philosophy by any accont , of private owned institution using the tax prayers money . the hed of the imf , dominique strauss-khan , roled a whasington meeting thar :"intensifying solvency concerns about a number of the largest us-based and european financial institutions have pushe the global financial system to the brink of systemic melt down"
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