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Without any oil and gas the engine will stop running and the car won’t go anywhere. Right now, banks are unwilling to extend credits to other banks which results in the borrowing of money to get more expensive. If the bailout plan is not passed, more banks could fail and the stock market could plummet and erase retirement accounts. In addition, businesses could find it very difficult to get credit. They would be forced to close which will wipe out millions of jobs.
According to the bailout plan, the Treasury Department gets $250 billion dollars to immediately start buying up troubled assets, such as mortgages from banks and financial institutions...
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