The bailout is not for Wallstreet. It is to keep the economy going.The problem, in essence, is that the Federal Reserve has gotten so overextended they don't have the money to do this, and thus it's become necessary to approve more borrowing by the Treasury. Purchases of troubled assets will generate 10 times the loans and kick start the economy.
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In this Blog I will discuss Life the Universe and Everything, and maybe even Prairie Home Companion.
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4-22-2024
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They're saying F-U to Congress, essentially read more | digg story
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