Summary
The $700 billion bailout package, which was voted by Congress in October 1, will not instantly fix the underlying economic problems. It might provide enough certainty for things to right themselves over time, but it will not make the problem go away without a lot of people doing a lot of heavy lifting. Ironically, people will have to rely on the same financial sector that got them into this mess to also help you get out of it. If it was really all that keen to learn from its mistakes, it would not repeat them with such depressing regularity.
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Easy Money
As Congress voted on a $700 billion bailout package in October, I was reminded of a scene from the film The Hudsucker Proxy, in which Waring Hudsucker, head and founder of Hudsucker Industries, inex...
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