EconWatch.com > November 14, 2008

Bush: Economy 'can rebound quickly': The Swamp

[The Swamp] "Here in the United States, we have taken unprecedented steps to boost liquidity, recapitalize financial institutions, guarantee most new debt issued by insured banks, and prevent the disorderly collapse of large, interconnected enterprises. In Europe, governments are also purchasing equity in banks and providing government guarantees for loans.

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