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Commentary: On Bailouts, Congress Should Move with Great Care

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opednews.com

Author 2451
The pace at which Congress is considering the largest intervention into financial markets in the history of the United States is shocking. The Bush administration proposed legislation that would grant it the authority to buy up toxic financial assets in an amount equal to five percent of gross domestic product (GDP). The magnitude of the funds requisitioned is matched only by the requested level of unchecked power and opacity

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