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Re: [Pen-l] new bail-out proposal




Also, it allows Obama to avoid being labeled as a socialist. Other than that, it sounds stupid.


Jim Devine wrote:


The only difference from standard borrowing is that if the program is really successful, as I understand it, the lenders get a return above the guaranteed one.


--
Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com

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