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Much of the reason for this plummet was due to a failed “bailout bill†endorsed by both McCain and Barack. This bill was intended to save many financial institutions such as mortgage companies and banks. These companies had given countless variable rate loans to individuals whom once the interest rates were changed, were incapable of paying them back...
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These firms knew before hand as did the persons taking out these loans that the loans were high risk investments. The large number of foreclosures and repossessions by mortgage companies and banks along with the many individuals who defaulted on their loans ultimately bankrupted these companies. The problem is that these companies also hold many Americans retirement funds and life savings...
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General points of the essay
Barack Obama Vs. John McCain
bailout plan analysis
Comparing and Contrasting the 2008 Democratic Presidential Candidates
CELEBRITY ENDORSED ADVERTISING
Tax Implications of Bailout and Elections
Why The Bailout Plan Has To Be Passed And Its Adjustments
Presidential Candidates: Division And Classification
The Presidential Debates Between Bill Clinton And Dole
Candidates and the Media
McCain's Speech on Presidential Goals
Vice-Presidential Candidates
Automobile Bailout
Bushs' Economic Bailout Of 2008
Presidential Candidates
The Effect Of Third Party Candidates In Presidential Elections
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