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Home Builders Next in Line for Bailout?

freelance

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Jul 15, 2007
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4,412
That's why the Wall Street bailout won't be the last one pitched to Congress and taxpayers.

Jerry Howard, CEO of the National Association of Home Builders, said the Wall Street bailout is crucial, even though he doesn't believe it will solve the credit crunch that was hitting his members before the crisis started.

For this reason, Howard said as soon as Congress returns to work from its upcoming recess, his trade group will be asking for another package of between $40 billion and $90 billion directed towards the housing market.

http://money.cnn.com/2008/09/26/news/economy/bailout_impact/?postversion=2008092608

Bailouts and consolidation industry by industry. Small business is going to die, and IIRC, small business supplies (or used to supply) 60% of all jobs.
 
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