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The New York Observer

Bloomberg: Don't Call it a Bailout

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September 24, 2008 | 1:14 p.m

Here is Michael Bloomberg, earlier today, arguing against the idea that the federal bailout legislation should limit the salaries of executives at troubled companies.

Also: Bloomberg doesn’t think the $700 billion legislation should be called a “bailout,” because, he said, “for all I know, the government is going to make a lot of money.”

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