Tuesday, September 30, 2008

Crisis Explained

I've heard a lot of explanations about what's caused the current financial crisis, and now I've heard several reviews on why the bail-out plan failed, and what that means.

This blog article does the best job I've seen describing the situation:

http://silentclarity.livejournal.com/376012.html

Summary: We'd better pass some bail-out legislation sooner than later.
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