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House passes bailout

"I applaud the action taken by the Congress," said Federal Reserve Chairman Ben Bernanke. "The legislation is a critical step toward stabilizing our financial markets and ensuring an uninterrupted flow of credit to households and businesses."

Webmaster's Commentary: 

They are taking $700 billion away from you and giving it to the banks to loan back to you at interest.

But if nobody borrows it ...

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Posted on Oct 03, 2008 at 11:10
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