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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (33477)11/6/2012 11:16:57 PM
From: JBTFD  Read Replies (3) | Respond to of 85487
 
Now we'll get to see what Obama can do when he is not starting with the economy in the toilet.



To: koan who wrote (33477)11/6/2012 11:44:12 PM
From: TimF  Read Replies (1) | Respond to of 85487
 
There was little money available, because the companies didn't go right in to bankruptcy as soon as it was obviously inevitable, so they used up what remained of their capital, and then the feds came in and took control of the process, shafting the bondholders. No surprise, that such facts (combined with the difficult situation generally with the economy and the financial sector), made private actors reluctant to put money on the table.


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