The nation’s financial system has a severe migraine headache. We can take our $700 billion in aspirin now, or wait for a $700 trillion surgery if the economy tanks. The first option might prevent an economic recession. The second option would put us in a depression due to the ripple effect of doing nothing. There is plenty of blame to go around for the crisis on Wall Street, starting with the CEOs and directors of the wounded businesses, followed by failed congressional oversight that they have and did not use properly. Admittedly, these Wall Street bailouts and “special loan arrangements”...
Read More...
[Source: Latest Articles - Posted by FreeAutoBlogger]
No comments:
Post a Comment