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Stuck Together

By Simon St. Laurent
December 15, 2008

Bailouts are an awful thing, an admission of drastic failure. They're also a safety valve that can lessen the impact of disaster in a given area on the rest of the system. In the immediate and short term, we need to recognize that it's not just a given group whose boat is being bailed - we're bailing a very large boat that we're all riding.

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