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Politics : PRESIDENT GEORGE W. BUSH
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To: Neocon who wrote (417839)6/23/2003 6:07:09 PM
From: DuckTapeSunroof  Read Replies (1) of 769670
 
It's the DEPOSITS that were bailed out - no matter how large they were - even though the deposit insurance was only $100,000 per account.

The net effect of this bailout was to also rescue most of the BOND holders of the S&Ls.

Cost to taxpayers: $1 Trillion and counting.
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