Sunday, November 16, 2008

Emergency Economic Stabilization Act

The US government recently passed a "Emergency Economic Stabilization Act" more popularly known as "Bailout". 

Following is a statement from Secretary of the Treasury, Henry M. Paulson regarding the bailout:


The unfortunate impact of this bailout has been that every industry has been asking for thier piece of the bailout pie.

I have started this blog to better understand what this really means to the average American. Please feel free to post your thoughts.

Zak

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