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Large financial institutions, who are also incidentally some of the biggest creditors around, have taken the stimulus funds. Many individuals who have nowhere else to turn to have gone and maxed out credit cards or have taken out loans against their life insurance policies and retirement funds. The federal government, through financial policies passed by the administration and in hopes of alleviating the current economic circumstances, has doled out help to struggling financial institutions in the form of billions of dollars in stimulus funds. How to Capitalize on the Recession and Eliminate Your Unsecured Debt The financial crisis has caused a lot of problems for everyone - this includes the ordinary consumer, small business owners, and even the big named companies. How does one capitalize on the recession and eliminate unsecured debt. A lot of these people, who were already in debt before, are in even more financial trouble now. So, how is it that some people are claiming that the current environment is favorable for paying off debt. People have lost their jobs, some have lost their homes, and some have taken significant pay cuts. |