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Bailouts Won't Save a Global Economy


Business  (tags: bailout plan, Felix Rohatyn, Global Economy, auto industry, finance, foreclosures, banks, loans )

David
- 2117 days ago - larouchepub.com
The specter of bankruptcy is hovering over the U.S. economy, both in the fears of failing households and businesses, and in the need to put the entire system through a bankruptcy reorganization before it collapses completely.



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Comments

Blue Bunting (855)
Wednesday December 31, 2008, 10:42 am
naked capitalism: So Paulson says US lacked the tools to battle the financial crisis?
 

Blue Bunting (855)
Wednesday December 31, 2008, 10:44 am
U.S. Army War College Says Martial Law May Be Needed If Economy Gets Worse

May explain all the refugee-style camps built during the Bush admin
 

Ray W. (10)
Friday January 2, 2009, 2:40 pm
The U. S. government declared bankruptcy sometime during the 30's. Total bankruptcy was declared in 1971 0r 72. When all you have are instruments of debt for money, you have no money, you have no money, you have bankruptcy!
 
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