The government attempted to preserve some of these institutions with over .7 trillion in bailouts to companies such as Bear Stearns, Fannie Mae/Freddie Mac, AIG, the , Citigroup, and Bank of America. In light of the failure of these “too big to fail” institutions, Congress saw the need for a government authority to provide for efficient liquidation of large, complex financial institutions, and to eliminate the potential of future government bailouts.
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It may only involve one or two dates, so why announce the news prematurely before you know whether it is going to last – then find yourself having to deny that it is serious, when it really isn’t.
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