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Posted by: robertsanchez718 10 months ago
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robertsanchez71810 months ago
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When the banking-system bailout plan - formally referred to as the “Emergency Economic Stabilization Act of 2008? - was originally unveiled, the financial-crisis firefighters at the U.S. Treasury Department were essentially reprising the Florida firefighting strategy. And U.S. taxpayers can anticipate an outcome a lot like the one that afflicted the Coral Gables apartment dwellers.
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Unfortunately for the U.S. taxpayer, there’s no Biltmore in which to seek temporary shelter. There’s only one U.S. economy, and we have to stay in it, whether it’s been condemned or not.
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