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: The University of Chicago Law School Faculty Blog

Epstein on "The Christmas Tree Effect"

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In Richard Epstein's weekly column at Forbes.com, he discusses the House's refusal to pass legislation bailing out the financial industry earlier this week:

Well, the gong has struck, now that a closely divided House of Representatives has failed to approve round one of the bailout program. The stock market responded with a deep plunge, as the uncertainty continues. It is too early, however, to write a definitive post-mortem because some new proposal may make it through a suspicious and hostile Congress. But it is instructive to understand at least some of the reasons why this initial effort fell apart.=

Read the rest of the column here.

Full post as published by The University of Chicago Law School Faculty Blog on October 01, 2008 (boomark / email).

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