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The term ‘bailout’ has become a staple in the American economy over the past few months. Everyone has heard about the $700 billion bailout of financial institutions and just as many heard about the bailing out of Fannie Mae and Freddie Mac from back in October. Some people have been for or against it, and with just reasons. On one hand, we’re using more government spending that could be used better elsewhere to save something that was by all means failing. On the other hand, banking and housing are driving factors of the economy and you can argue that the money … (0 comments)
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