Italy paid back $3.4 Billion to Morgan Stanley it was announced today. That is one half the new tax increase being levied on every Italian as part of the debt solving issue.

Why?

Morgan Stanley is just a company. A piece of paper.

Why should every Italian man, woman, and child, pay out of pocket for a Morgan Stanley bet that went wrong?

When put that way, it is obvious.

They shouldn’t. No one should.

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