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he rapid-fire rescues of financial firms may end up tarnishing America's free-market reputation as the moves expose defects in the U.S. economy, undermining its standing with foreign buyers of the dollar and U.S. Treasury securities. The government's actions might add hundreds of billions to a budget deficit already expected to hit a record next year. The salvage operations, which include Tuesday's takeover of American International Group Inc., also raise questions about the U.S. commitment to a free-market economy that, until recently, was the envy of the world.

created Sep 18, 2008 by todd

 
 

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  • todd Sep 18, 2008
     
    this crisis creates real credibility problems for the US economy. empire is over. people simply won't trust us anymore in the same way.
     
 
 
 
 

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