has the FED gone too far this time??
The Bush administration asked Congress to buy $700 billion in toxic assets clogging the financial system and threatening the economy as negotiations began on the largest bailout since the Great Depressi
Here is what we are facing (potentially) as a result:
- Higher taxes
- Higher interest rates on government debt
- Bigger government deficits
- little help to real estate
Ultimately, the future of generations of US taxpayers will be footing this bill. Not a good move by the Bush administration of Secratary of the Treasury Hank Paulsen
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