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Thanks for the interesting perspective. I am certainly financially/economically quite illiterate (and usually loathe the topic - it's like the accountant / "vocational guidance counsellor" sketch from Monty Python says: "it's dull, dull, dull"). But my impression was that the US govt threw loads of money at the impending banking/housing crisis to try and stop a crisis but their attempts failed and it all collapsed in a heap anyway.
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