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Topic - Lok Sang Ho
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The U.S., under the Bush and Obama administrations, moved to prop up companies such as Fannie Mae, Freddie Mac, General Motors Co. and the American International Group Inc., which had made mistakes or were in danger of going bankrupt primarily because of the sharp economic dislocations during the financial crisis in the fall of 2008, he said.
"America did a fine job engineering a recovery and handling its economic and financial market crisis," in contrast to the "lousy job" by Europe, said Lok Sang Ho, an economics professor at Lingnan University in Hong Kong.