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Sunday, 6 January 2008

US Efforts to tackle SubPrime Crisis

1. The depth of subprime crisis is not known in US and it was an amazing effort on part of Mr George Bush to salvage the economy by the mortgage rate fixation for a full five years.

2. US economy going into recession spells doom for other economies as the demand for their products dip in US and thus in turn their economies also fall in recession. So it is in interest of all that this sub prime crisis is dealt properly.

3. An interesting article from the web throws some light on the efforts by President George Bush.
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