What's Happening with The Bailout?

So far, the massive economic bailout has taken the form of the Treasury buying preferred stock in a number of financial institutions. Initially the Treasury put $250 billion in a number of banks, with another disbursement this week. And while more and more people around the nation feel the pinch from increasing foreclosures and the credit crunch, the Commerce Department confirmed that the national GDP is down 0.3 percent for the third quarter – that's the biggest dip in seven years. FSRN spoke with Josh Bivens from the Economic Policy Institute about the bailout.

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