Quote of the Day – 10.12.08

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QUOTE OF THE DAY….From IMF chief Dominique Strauss-Kahn, commenting on the financial crisis:

“Intensifying solvency concerns about a number of the largest U.S.-based and European financial institutions have pushed the global financial system to the brink of systemic meltdown.”

If he means “largest” literally, he’s talking about Citi, Chase, and BofA. I wonder if he’s talking literally?

Also: why only U.S. and European banks? How are things going in Asia and Australia? How have they managed to avoid the contagion?

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FOLLOW THE MONEY

Corporations and billionaires don’t fund journalism like ours that exists to shake things up. Instead, support from readers allows Mother Jones to call it like it is without fear, favor, or false equivalence.

And right now, a longtime friend of Mother Jones has pledged an incredibly generous gift to inspire—and double—giving from online readers. That's huge! Because you can see that our fall fundraising drive is well behind the $325,000 we need to raise. So if you agree that in-depth, fiercely independent journalism matters right now, please support our work and help us raise the money it takes to keep Mother Jones charging hard. Your gift, and all online donations up $94,000 total, will be matched and go twice as far—but only until the November 9 deadline.

$400,000 to go: Please help us pick up the pace!

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