Sunday, July 05, 2009

The Big Bailout - Did It Work?

Unemployment at 9.5% this month and rising.

California broke..

Banks are going under..

The big bailout was going to save the day. Frankly I never understood how creating more debt can result in debt recovery.

John Stossel of ABC's 20 /20 reviews the status of the 'Big Bad Bailout'.

Here's Part 1.

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