October

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To bail or not to bail?

The difficulty in sealing a deal to relieve the financial crisis is no surprise. People on Main Street are fuming over the Bush administration’s $700 billion “cash for trash” proposal to bail out Wall Street at taxpayer expense.

OPINION: Finances and the current crisis: How did we get here and what is the way out? Part 2

The turmoil in financial markets and the bailout to the tune of $700 billion has turned the public eye and wrath on Wall Street and Washington. While millions are aware of the triggering causes, ranging from predatory lending to deregulation to insatiable greed, what isn’t so obvious is the longer-term process that brought our financial system and economy to the edge of the abyss.

OPINION: Finances and the current crisis: How did we get here and what is the way out? Part 2

The turmoil in financial markets and the bailout to the tune of $700 billion has turned the public eye and wrath on Wall Street and Washington. While millions are aware of the triggering causes, ranging from predatory lending to deregulation to insatiable greed, what isn’t so obvious is the longer-term process that brought our financial system and economy to the edge of the abyss.