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Posted AT 5:34 PM EST on 09/10/08

How crisis could have been averted

Globe and Mail Update

OTTAWA — The problem with any crisis is that once it is upon you, all thought of the long term goes out the window, replaced by the need to survive the most immediate threat. And so it will be at the various emergency conclaves now being convened around the world by politicians and bankers desperate to end the global financial crisis before it claims any more banks.

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