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Globe Editorial

America's loss of value

September 26, 2008

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TO JUSTIFY his bailout of wayward financial companies, President Bush told the United Nations Tuesday that he was acting to avert an economic crisis that "would have a devastating effect on other economies around the world." It is true that the embrace of risky leveraged debt by improperly regulated investment banks may cause ripples of pain in foreign economies. But ... (Full article: 430 words)

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