Monday, February 25, 2008

Housing slump causes U.S. to weigh another big bailout

By the time the Great Depression was over, a government-created corporation had become the banker for 1 in 5 American homeowners.
After the savings-and-loan industry faced a catastrophic meltdown in the '80s, the US government spent some $124 billion to clean up the mess.
http://www.csmonitor.com/2008/0226/p01s02-usec.html
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