Monetizing proletarians of the world - unite.

Developing story from FT. Maybe Bernanke can monetize some of Russia's upcoming trillions of bonds for shits and giggles too.

"Russia is considering a banking bail-out that will go further than measures taken by the US, as fears grow that bad loans could paralyse the economy."

Igor Shuvalov, deputy prime minister, will consider taking stakes in troubled banks when a group of experts on the crisis meets on Friday to discuss ways to recapitalise the country’s banking system, according to a draft proposals seen by the Financial Times.

http://zerohedge.blogspot.com/2009/06/here-comes-russian-bank-nationalization.html