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Toxic-debt plan and short-selling curbs lift markets

The U.S. government was crafting a sweeping bailout to mop up toxic mortgage debt that will likely cost hundreds of billions of dollars, curbed short-selling and guaranteed money-market mutual funds, sending global stock markets soaring on Friday.

Webmaster's Commentary: 

The problem has not gone away. It's just been shifted from Wall Street onto the taxpayers.

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Posted on Sep 19, 2008 at 10:17
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