Thursday, September 18, 2008

A creative bailout entity from the Feds perhaps.

It seems that the Feds are creating a new entity that will absorb all those bad debts and relieve the capitalist institutions that created the mess from having to face the consequences. The public will bail the system out. Of course the stock market likes the idea.

http://news.yahoo.com/s/ap/20080918/ap_on_bi_st_ma_re/wall_street

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