A Pro-Free-Market Program for Economic Recovery
As you all know, we are in a severe economic downturn. The official unemployment rate now exceeds 10 percent and according to many observers is actually substantially higher. Within the last year or so, our financial system has been rocked to its foundations. The collapse of the housing bubble and the numerous defaults and bankruptcies connected with it brought down major financial institutions, such as Bear-Stearns, Lehman Brothers, and Merrill Lynch. It also brought down numerous small and medium-sized banks and threatened to bring down even such banking giants as Citigroup and Bank of America. The Dow Jones stock average...
Original Article: Forum: News/Activism
Tags: Bank Of America, Bankruptcies, Bear Stearns, citigroup, Collapse, Dow Jones, economic downturn, Economic Recovery, Financial Institutions, Foundations, Giants, Housing Bubble, Lehman Brothers, Merrill Lynch, Observers, Sized Banks, Stock Average, Unemployment Rate