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The Deflation of the Credit Bubble
While the federal government is trying to re-inflate the credit bubble by re-capitalizing banks it is risking tax payer funds and making the credit bubble deflate even more. This credit bubble is going to continue to deflate into a vacuum until the solution is found. The consumer still has no [...]

Some are horrified at the prospect of putting $700 billion in public money on the line. Others are outraged that Wall Street, home of the eight-figure salary, may get rescued from the consequences of its real estate bender, even as working families give up their houses to foreclosure.
Most economists accept that the nation’s financial crisis [...]