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Revision as of 18:44, September 30, 2008 by Yaron Koren (talk | contribs) (New page: {{Item |author=National Review editorial board |source=National Review |date=September 30, 2008 |url=http://article.nationalreview.com/?q=ZDVmM2E5NzM2MzhlMjJjMjU2MWRmM2Q2OWQ4NGVhNjA= |quot...)
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This is an opinion item.

Author(s) National Review editorial board
Source National Review
Date September 30, 2008
URL http://article.nationalreview.com/?q=ZDVmM2E5NzM2MzhlMjJjMjU2MWRmM2Q2OWQ4NGVhNjA=
Quote
Quotes-start.png "There are alternatives to the Paulson plan, some of which are better or worse from a free-market perspective. But all of them involve major government action because in a financial crisis like this — originally stoked by misbegotten government policies — only the government has enough capital to backstop the system. It is the nature of financial panics to destroy institutions and wealth willy-nilly. Insisting only on private action in a crisis this large is like counting on private emergency response to a hurricane or on a private military to fight the country’s wars." Quotes-end.png


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This item argues for the position United States should bail out the banking industry on the topic Economic crisis of 2008.