For anyone interested in a smart (and to my mind, entirely plausible) account of what missteps (dating back to the Reagan administration) brought us to this ... no, I can't say low point, we're still plummeting ... extended crisis, how about that? ... in the US economy and financial sector, you could do a lot worse than reading Nobel laureate
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MKK
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MKK
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There was a short bit on how banks were keeping their loans and not using it to loan out. (What's more important the bank's bottom line or the available credit to companies?)
And at the end there was an interview which talked about the (ex)employee's sitdown at Republic Windows. Saying people outside the finance/company management were angry at the lack of respect and their treatment - and it would likely grow worse.
The UAW is evidently expressing some really negative reactions to some of the senators - especially those in states where their are currently auto plants.
Then of course there is Chicago, ...
*argh*
Joyce
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