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Senate resolution cautions against state bailouts

Senate resolution cautions against state bailouts

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By Rachel Greaszler Most of the public was outraged when, during the financial crisis of 2008, Congress provided a massive financial bailout, including $70 billion of taxpayers’ money to insurance giant AIG and $80 billion to U.S. automakers General Motors, Chrysler, and Ford. Even most politicians who voted in favor of the ...

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