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Posted By Pdlpublic 1 year, 2 months ago in Business & FinanceThe Bush administration is asking Congress to let the government buy $700 billion in toxic mortgages in the largest financial bailout since the Great Depression, according to a draft of the plan obtained Saturday by The Associated Press.
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tchef1 year, 2 months ago
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I just love this, the banks sell bad mortgages that make no financial sense and we get to end up owning them to buy out the banks. What does this teach those who sold these mortgages? Go ahead, make the quick buck, the government will bail you out.
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