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To say that Americans weren't thrilled by the original government bailout of American financial institutions is an understatement. But if they were upset with that plan, imagine how furious they’re going to be when they start to understand that the Obama administration has begun bailing out banks from Japan, Canada and Europe. There are two ways that the U.S. is bailing out these countries' banks. First, the Federal Reserve is providing banks around the world with loans at below market interest rates.
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Friday, May 14, 2010
Guess What, America, You're Bailing Out Banks All Over the World!
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