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aig bailout

  1. Meadmaker

    AIG bailout. Where did the money come from

    So, this week, the government spent 85 billion bucks to prevent AIG from collapsing. Ignoring for the moment whether or not this was a good idea, how could they do it legally? Congress holds the power of the purse. Surely the Treasure Department isn't authorized to write a blank check for 85...
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