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Title: My Paper

Essay Details:

Subject: American History
Author: Tina S
Date: June 25, 2013
Level: University
Grade: B
Length: 2 / 496

Essay text:

But "these are not normal circumstances. The market is not functioning properly. There has been a widespread loss of confidence. "Without immediate action by Congress, America can slip into a major panic." Watch Bush warn of the consequences » If Congress fails to approve the rescue plan, the nation could face a "long and painful recession," Bush said. "The plan is big enough to solve a serious problem," Bush said. Don't Miss Bush's speech transcript Economic crisis steals campaign spotlight CNNMoney: Bernanke speaks of 'grave threats' Debate the debate inside The Forum The plan calls for the government to buy from firms up to $700 billion in troubled assets -- mainly mortgage-backed securities -- whose values declined as the housing market imploded...

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