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FDIC chief knocks bailout package

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Thu, 10/16/2008 - 4:25pm — DCblogger

Investment News

The $700,000 billion financial services industry bailout plan has a critic in Federal Deposit Insurance Corp. chairwoman Sheila Bair, who said yesterday the initiative does not do enough to prevent Americans from losing their homes, The Wall Street Journal reported today.

At some point Versailles will work out that the well being of the big shots is connected to the well being of the little guys.

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