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Bailouts Are a Mixed Bag, Even When They Work
Although the ongoing financial crisis has introduced a new word – bailout – into the lexicon of most investors, a quick tour of history shows us that these big-ticket financial rescue plans are actually nothing new.
And that raises the question: Do they work?
A look back at history shows us that – like most government initiatives – the answer is “it depends.” While some investors might find that reassuring, history also suggests that the final tab for a financial-crisis bailout will be well in excess of what it should cost to fix the problems the crisis actually caused.
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