World-News

Paul Krugman writes for The New York Times: "Many on Wall Street are clamoring for a bailout - for Fannie Mae or the Federal Reserve or someone to step in and buy mortgage-backed securities from troubled hedge funds. But that would be like having the taxpayers bail out Enron or WorldCom when they went bust - it would be saving bad actors from the consequences of their misdeeds."

http://www.truthout.org/docs_2006/081707C.shtml



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