Bailout Program

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One thing to note about the Democrats and the Republicans is that they have not proposed the most basic thing to stabilize our banking system: Increase the Amount Accounts are Insured.

Large Depositors pulling money out of banks is one thing that increases the banks cashflow problems.

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A note about the Federal Reserve. If our banking system is headed toward such a disaster as to require a $700 billion dollars bailout, why didn't the Fed cut interest rates at its last meeting. Also why hasn't the Federal Reserve and Treasury done a better job of injecting cash into the system through Treasury Bill auctions and repurchases.

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During the hearings, why wasn't economist and business people with a different perspective on the bailout called to testify?

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My opinion is that this whole Bailout is highly suspect.