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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (10142)10/2/2008 8:14:53 PM
From: Cactus Jack  Read Replies (2) of 33421
 
John,

Despite my bias against government intervention here, I still have two basic questions:

1. Will a $700 billion revolving credit line that is proposed in the bailout legislation do any actual good for the country?
2. How much is this ultimately likely to cost, when all is said and done? Given the revolving credit line and the amount of debt in play, we may be talking trillions. Can that really be a good think under any scenario?

Your responses are much appreciated.

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