Bailouts Will Push US into Depression: Manager BANKS, FINANCIAL SERVICES, NORTH AMERICA, POLITICS AND GOVERNMENT, ECONOMY, INFLATION, CURRENCIES, DOLLAR, FREDDIE MAC, FANNIE MAE, MORTGAGES, DEBT, CREDIT By CNBC.com CNBC.com | 11 Sep 2008 | 09:11 AM ET The end result of the global economic slowdown may be the US announcing national bankruptcy as the government cannot afford the bailouts that it promised and the market will not bail out the government, Martin Hennecke, senior manager of ...
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