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Why the bail-out will fail

 
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Socoh
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Joined: 07 May 2006
Posts: 6394
PostPosted: Fri Oct 10, 2008 10:54 am    Post subject: Why the bail-out will fail Reply with quote
It required Fed chairman Alan Greenspan's inappropriate <b>low interest rates</b>, which created a real estate boom. Rapidly rising real estate prices quickly created home equity to justify 100 percent mortgages. Wall Street analysts pushed <b>...</b>

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