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Politics : Formerly About Advanced Micro Devices

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From: TimF	1/4/2010 8:15:23 PM
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Bailout-mania continues: Billions and trillions! By: David Freddoso Online Opinion Editor 12/30/09 8:33 AM EST Bloomberg's David Reilly provides hysterical commentary on the financial reform bill: If you’re a banker, the bill is tastier. While banks opposed the legislation, they should cheer for its passage by the full Congress in the New Year: There are huge giveaways insuring the government will again rescue banks and Wall Street if the need arises... It authorizes Federal Reserve banks to provide as much as $4 trillion in emergency funding the next time Wall Street crashes. So much for “no-more-bailouts” talk. And GMAC is getting another $3.5 billion in federal aid, The Wall Street Journal reports. Merry Christmas -- but you're still Santa Claus, dear taxpayer. washingtonexaminer.com

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