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Unformatted text preview: total liquidation and ruin; or to allow a failing entity to fail gracefully without spreading contagion. Government bailouts fashioned a movement that deceived the foundation to our Capitalistic society and furthermore shaped a bogus image, the bailout will prove detrimental to our economic system by resurrecting a broken banking system, and giving lenders/buyers that made bad decisions an opportunity to fail yet again, and therefore fostering an inferior financial crisis....
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This note was uploaded on 05/06/2011 for the course ACCOUTNING 211 taught by Professor Jobs during the Spring '11 term at Penn State.
- Spring '11