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On the Record

The Bear Stearns Bailout

Over the weekend, the Federal Reserve bailed out Wall Street giant Bear Stearns in an effort to steady the nation’s bumpy economy. Hamilton Project Director and Senior Fellow Jason Furman says it was a necessary stop-gap for our troubled economy. He cautions that our fiscal woes will linger for some time to come and adds the economy will likely be a top priority for the nation’s next chief executive.

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