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...phone calls, e-mails and faxes. A handful of them support some kind of bailout. But the overwhelming majority is against it." She cites one letter as representative of the bile poured forth against the bailout: "I live on $23,000 a year. Why should I be asked to bail out a bunch of overpaid greedy heads of companies like AIG, Freddie Mac or Fannie Mae? ... If you're going to pass this bill, then it is only right that you the government pay off my mortgage. All of you ran back to Washington and took care of these overpaid...

Author: /time Magazine | Title: Why Main Street Is Mad: Scenes from a Financial Crisis | 10/1/2008 | See Source »

European markets also seemed to anticipate a deal to bail out America's ravaged financial sector. But there was widespread irritation in Europe at American voters and their Congressional representatives airing largely ideological objections to the world's last chance to avoid unthinkable calamity...

Author: /time Magazine | Title: World Markets React with Caution to US Crisis | 9/30/2008 | See Source »

Wanted: someone who will claim credit for saving the U.S. economy. With little fanfare and all the enthusiasm of a hangover, congressional leaders from both parties on Sunday unveiled a detailed agreement on legislation to bail out Wall Street. But no presidential candidates were in sight, and few in Congress were doing much bragging about their handiwork...

Author: /time Magazine | Title: The Bailout Bill That Nobody Likes | 9/29/2008 | See Source »

...event that would answer the questions that lie on the tips of all Americans’ tongues. Instead, Senator John McCain is hoping to pull the plug on the first presidential debate in order to work “full-time” on a $700 billion bill to bail out the American economy. Republicans see this as putting “country first”—we see it as a political stunt. The image of McCain valiantly running to the rescue on a white horse is certainly the fairy tale he hopes to conjure...

Author: By The Crimson Staff | Title: Campaign First | 9/26/2008 | See Source »

John McCain arrived on Capitol Hill early Thursday afternoon just as a bipartisan group of senators and representatives were announcing they had reached an agreement on the broad outlines of a bill to bail out Wall Street. For a moment, as the press conference broke up, members of the media traveling with McCain mingled with reporters covering the Hill. "Wait, there's a deal?" one surprised McCain reporter asked his congressional colleague...

Author: /time Magazine | Title: Who's to Blame for the Bailout Deal's Stumble? | 9/26/2008 | See Source »

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