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IPFS News Link • Economy - Economics USA

Bank of America Asks Congress for a $739 Billion Bank Bailout

2-23-08 • Michael Shedlock / Mish

The attempt to blame the free market for this mess is galling. The blame lies with Congress, the Fed, and the SEC. If the Fed had not reduced interest rates to 1% and held them there, the bubble would never has gotten as big.

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Bank of America Asks Congress for a $739 Billion Bank Bailout

FreedomsPhoenix.com