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Bailout will increase US Debt by 700 billion.
By:
Sufiy.
Posted on September 20, 2008 at 14:11 PM EDT
"Sec. 6. Maximum Amount of Authorized Purchases.
The Secretary's authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time"
U.S. Treasury Proposal to Buy Mortgage-Related Assets: Text
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