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A $700 billion bank rescue plan has turned into a bank buyout plan of banks that are not in trouble. The banks that are not in trouble will be able to buy assets of the failing banks for pennies on the dollar and grow richer while mortgages will continue to fail and retirement funds will continue to disappear. The population still has no money to buy products or services. Why can't people see this for the rip off that it is? The one thing that was designed to protect the middle class, the Constitution, has been trashed.

http://ewebsmith.com/finance/playboys.html

Web Smith of CA 6:43PM October 15, 2008

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New Money

Katy Marquardt, a senior editor at U.S.News & World Report, takes a contemporary look at happenings in the financial world and aims to help young investors get going with their portfolios--or just sound cool at cocktail parties. Have a question? E-mail Katy at newmoney@usnews.com

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