среда, 14 марта 2012 г.

Editorial reaction to $700B bailout plan

Here is what some newspapers had to say about the Bush administration's move to ask Congress for $700 billion to buy up troubled mortgage-related assets from U.S. financial institutions:

_ The Philadelphia Inquirer:

"The unprecedented taxpayer bailout of Wall Street and the banking industry is as necessary as it is infuriating. Spawned by greed and reckless lending, the worst financial crisis in decades has left policymakers without any good options for fixing the mess."

_ The Los Angeles Times:

"The main question for politicians isn't whether to act _ the comments Friday by congressional leaders and top administration …

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