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RE: RUSSIAN BAILOUT: Russia's Central Bank Bails Out Country's LARGEST Private Lender!

in #money9 years ago

Thanks for a very interesting article. Russia is still learning what a bank does. In the bad old days, to charge interest was thought to be a bad thing. To buy and to sell at a profit, or to lend money at a profit was called "speculation" and many Russians ended up in Siberia for that.

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