The Trillion Dollar Bailout; But Will It Work?Quicklink submitted by Rob Kall Permalink
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|Some are skeptical of the Treasury plan, despite wide agreement on the need for a broad intervention. Paulson and Bernanke are going to scoop up a trillion in bad loans. Which Banks will sell them at a better price than they would have dumped them for, thus giving them a 'gift?' And who'll decide which banks get sweet deals? Congress must reject Bush request for $700+ billion|
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