Article: The Telegraph – Financial Crisis


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An article from the Telegraph in London provides some good comentary on the significance of not passing this bail-out package:

Financial crisis: Western world will become significantly less wealthy

In one fell swoop, the House of Representatives has applied a sledgehammer to the American economy. The staggering plunge in the value of publicly quoted stocks in the US last night – a $1.2 trillion fall – shows more clearly than anything else just how much it had been holding out for a financial bail-out.

The article is less about politics and more about the reality of the situation.  This article goes beyond politics, and thus beyond what my blog intends to cover.  However, per much feedback I’ve been getting about my recent support of the bail-out – I’d figure I provide another article that helps illustrate why I think this is a nescessary evil.

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