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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Are the US and UK Too Spoiled to Accept Austerity? | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="Fb6UM5O10g"&gt;&lt;a href="https://www.nakedcapitalism.com/2009/05/are-us-and-uk-too-spoiled-to-accept.html"&gt;Are the US and UK Too Spoiled to Accept Austerity?&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2009/05/are-us-and-uk-too-spoiled-to-accept.html/embed#?secret=Fb6UM5O10g" width="600" height="338" title="&#x201C;Are the US and UK Too Spoiled to Accept Austerity?&#x201D; &#x2014; naked capitalism" data-secret="Fb6UM5O10g" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>We all know the question in the headline is strictly rhetorical. If the US cannot stand to make risk capital like bondholders take a whack (heavens, no, we cannot make hapless funds take losses, better to dump it on taxpayers who have no ready way to complain), it goes without saying that we are wildly [&hellip;]</description></oembed>

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