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Monday, September 15, 2008

Why would the Bush administration be right this time? 

Business writer Joe Nocera at the New York Times looks on the bright side, sort of:
With the government refusing to prop up Wall Street anymore, maybe now mortgage-backed derivatives will find their natural bottom. Something to look forward to, I guess.
The thing that worries me is this -- if there is one thing the last eight years has taught us, it is that the Bush administration is just about always wrong about just about everything.
So why would they be right about how they are handling the market meltdown?

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