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By Jeremy Schiffres, Daily and Sunday Freeman, Kingston, N.Y.

Wednesday, September 17, 2008

Those who ignore history ...

The federal government announced late Tuesday that it's floating troubled insurance giant American International Group Inc. an $85 billion loan to help AIG stay afloat.

Lending money to someone who probably won't be able to repay it. Brilliant.

Isn't that how all the mortgage lenders got in trouble?



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