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Old 10-05-2008, 08:30 PM
sweeps sweeps is offline
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Default Bank failures to rise next year

Here's a safe bet for uncertain times: A lot of banks won't survive the next year of upheaval despite the U.S. government's $700 billion plan to restore order to the financial industry.

Bank on it -- bank failures will rise next year - Economy in Turmoil - MSNBC.com
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Old 10-05-2008, 08:56 PM
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maat55 maat55 is offline
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I'm still wondering if relaxing the mark to market rules and eliminating capital gains for a while will get the country moving again faster. I figured these things with a much smaller bailout, might do the trick.

I think doing all these things together would create a bigger spark with less government intervention.
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