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Back to One-Off Bailouts

Abnormal Returns found this 9/30/2008 on alephblog.com

The House vote rejecting the Bailout bill leaves us where we were before : the Treasury, FDIC, Fed, and all the quasi-financial arms of the government do one-off bailouts as needed. That may be better than the proposed bailout for a number of reasons. For raw reasons of liberty, it is ...