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America fiddles while world's banks crash and burn

We live in truly astonishing times. In the past 24 hours alone, on both sides of the Atlantic, five banks have either been nationalised, bailed out by their governments or sold on at fire-sale prices.

We live in truly astonishing times. In the past 24 hours alone, on both sides of the Atlantic, five banks have either been nationalised, bailed out by their governments or sold on at fire-sale prices.