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I will say this though.
Had the bailouts and the bail out of the banks from toxic assets not been done.
we would face great depression II without a single doubt in my mind.
I'm still not sure if the bailout is going to prevent that from happening or not..
But the alternative would have cost the country much much higher !
It is indeed funny though as soon as Goldman Sachs started getting bear raided in the street.. Paulson immediately comes out with this.
hehehe
For those that don't know Paulson used to be the CEO of Goldman Sachs.
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