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发表于 2013-10-12 11:25 AM
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result, some think, would be similar to the mayhem that developed in the fall of 2008, when Congress refused to intervene as the banking sector began to crumble. Many people forget, but before passing the huge bailout bill known as the Troubled Assets Relief Program, or TARP, the House of Representatives voted it down. That vote came on Monday, Sept. 29, about two weeks after Lehman Brothers collapsed and the whole Wall Street firmament began to topple. Stocks fell nearly 9 percent that day, which at the time was the second-largest one-day drop ever in the S&P 500 index, after Black Friday in 1987. Members of Congress who had been talking tough about bailouts and balking at TARP's huge price tag—about $800 billion—suddenly got religion. By the end of that week, Congress passed a slightly modified version of the TARP bill, which President Bush hastily signed the same day. |
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