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Old 09-30-2008, 07:21 AM
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Default A case for NO bail out

A case made for NO BAIL OUT by Time....

"Rescuing financial institutions is not the best solution. Yes, banks are needed to provide capital to businesses. But it is not necessary to spend $1 trillion to maintain liquidity. If the government is to intervene, it should pick and choose which claims to purchase; claims that are directly tied to mortgages would be a good start. "


http://www.time.com/time/business/ar...0.html?cnn=yes