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The US financial industry was facing a total collapse following large investment banks were allowed together with government to embark using the biggest securities scam of all time. This brought dozens of this countries large companies to their knees and threatened earnings collapse of america economy, possibly worse when compared with the Great Depression of the 30's. This resulted hurting for an Americans which means the banks were allowed to bail themselves out whilst keeping their wealth intact.
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It might also take the "corporate greed" concept straight out of the picture. Don't get me wrong - I like corporations. They limit the liability belonging to the owner so i happen to think that can be a good element. I also like items and services they provide me. I have electricity, heat, a refrigerator to keep my food fresh, a car in which to proceed for into the planet and conduct business, clothing that Dislike have become worse myself, a computer on which to write this post and other technological gadgets that make my life easier.
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