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Biggest Bailout Ever: Did the Government Go Too Far?

Not surprisingly, the market's up huge on this news. The moves should head off a run on money-market funds, restore liquidity to the financial system, and, as bank analyst Tom Brown puts it in the accompanying video, create a general "time out" for the panic to recede.

So what are the costs? Almost certainly:

* Higher taxes
* Higher interest rates on government debt
* Bigger government deficits

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Posted on Sep 19, 2008 at 13:18
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