Tuesday, September 30, 2008

wsj: The Real Costs of the Bailouts

sep 29th, 2008

i am sorry to say this, but i think there's no way a depression can be avoided. which is bad news for all of us, whether in the us or india.

---------- Forwarded message ----------
From: Shahryar


 
  • SEPTEMBER 28, 2008
  • The Real Costs of the Bailouts

    By SUDEEP REDDY

     

    Last week, as federal regulators seized Washington Mutual in the largest U.S. banking failure, Congress was grappling with whether to spend $700 billion of public money to fix the financial industry's troubles.
     
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