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Bailout alternative offered by House Dems

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Rep. Peter DeFazio, an Oregon Democrat, took the ideas of William Isaac, who served as Federal Deposit Insurance Corp. chairman during the Reagan Administration and created legislation to help the listing financial markets right themselves. DeFazio, a vociferous opponent of the Bush Administration's $700 billion Wall Street bailout, calls his legislation the "No BAILOUTS Act." Article includes details of bill.

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Related Topic(s): Bailout; Democratic Legislation; Markets; Taxpayer Rip-Offs, Add Tags

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