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Rescue Me: A Fed Bailout Crosses a Line

Money – WHAT are the consequences of a world in which regulators rescue even the financial institutions whose recklessness and greed helped create the titanic credit mess we are in? Will the consequences be an even weaker currency, rampant inflation, a continuation of the slow bleed that we have witnessed at banks and brokerage firms for the past year?

Tags: banks, wall st, federal reserve, credit crunch, bear stearns

View Story Discuss (0) (nytimes.com) 109 days ago by berkeley

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