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  Taxpayers will bear the cost of Wall St. folly
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ContributorOtis Gough 
Last EditedOtis Gough  Sep 28, 2008 06:36pm
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News DateThursday, September 25, 2008 12:35:00 AM UTC0:0
DescriptionIf Joe Homeowner can't keep up with his payments and loses his house, he's pretty much on his own.

If formerly blue-chip investment banks run by the smartest guys in the room can't keep their checkbooks balanced, the U.S. Treasury Department will rush in with a $700 billion rescue plan financed by the taxpayers.

And if that doesn't make you choke on your breakfast, you've got a pretty strong stomach.
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