Monday, September 15, 2008

Being in Precarious Financial Times

Have we ever seen such a collapse of our financial institutions during any time in our history since the Depression? Wall Street's got some serious problems. And so do we.

Bear Stearns
Fannie Mae
Freddie Mac
Merrill Lynch
Lehman Brothers

Wall Street seems to be in a serious downspin. What effect will these collapses have on the American people? And how can we model personal fiscal responsibility when such corporate institutions are collapsing rapidly?

Does one politicial party have more responsibility than the other? Are the deregulation laws set under the Regan administration to blame for this major crisis?

Talk to me. This is really beginning to look pretty scary.

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