Friday, September 05, 2008

You pay

There was a story that went around in Italy, a storekeeper in Calabria had received 'requests' for protection money from the local mafia ('Ndragheta), so he went to the local officer of the police (Caribinieri) and explained the situation. The Maresciallo had a short reply, "You pay."

The US version from the Wall Street Journal:
The Treasury Department is close to finalizing a plan to help shore up mortgage giants Fannie Mae and Freddie Mac, according to people familiar with the matter. Precise details of Treasury's plan couldn't be learned. The plan is expected to involve a creative use of Treasury's authority to intervene in the two companies, which it won earlier this year, and could involve a capital injection into the beleaguered giants.
Shorter US version, "America, you pay."


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