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October 13, 2008
Economies salvaged, but likely to shrink

The recent “bailouts” of banks are historic, with the U.S. buying out $700 billion worth of assets and European governments committing nearly $1 trillion to the purchase of equity stakes in their banks.

Brad Setser, a fellow at the Council on Foreign Relations, speaks with Martin Savidge about the historic¬† government response to the international credit crisis. While these investments and policies will buffer the collapse of financial institutions, they cannot guarantee the market’s robust return.

Setser writes the blog “Follow the Money.”

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