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Concerns over the Bail-Out                                                                                    

Posted at: Feb/02/2009 : Posted by: mel

Related Category: Economics,

I have grave concerns over the usefulness of the Bail-Out that Congress is pushing. We have a consumer driven economy and if new monies do not find their way into the hands of consumers, then we are really only shoring up the balance sheets of large financial institutions. I don’t know what the right answer is, but giving banks more money to cover existing loses doesn’t seem like a good solution.

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