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The sharpies that engineered the mortgage fiasco are going to game this bailout to the nth degree. They will swallow 700 billion like a minnow in a whale's mouth and continue to claim starvation. The annual bailout appropriation will grow to exceed the defense budget when you add the interest on the 700 billion to the next round of free lunch for the bankers and then compound that in each succeeding annual Federal budget.
Sep 22 11:00 am
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All Comments by secmaven »An Open Letter to Congress on the $700B Paulson Bailout Plan [View article]