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Top government bailouts
The passage into US law on October 3, 2008, of the $700 billion financial-sector rescue plan is the latest in the long history of US government bailouts that go back to the Panic of 1792, when the federal government bailed out the 13 US, which were over-burdened by their debt from the Revolutionary War.
It also marked the fourth time in 2008 that the government interceded to prevent the ruin of
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