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Bush: Partial Nationalization Not An Abandonment of Free Market

Posted by zaibatsu 1215 days ago, popular 1215 days ago (http://www.washingtonpost.com)
Category: Economy | Tags: bailout banking bush credit economy
President Bush said this morning that the administration's "unprecedented and aggressive" plan to partly nationalize nine major banks was an "essential short-term measure to ensure the viability" of a battered financial system.
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