For anyone unclear on what is happening right now from About.com
Why the Bailout Is Necessary
Tuesday September 23, 2008
Congress is now debating whether the taxpayer should pay $700 billion to bail out investment banks who purchased mortgage-backed securities that are in danger of defaulting. The bailout was triggered by an event last week that shows just how close the global economy was (is?) to a catastrophic ( Read more... )
Tuesday September 23, 2008
Congress is now debating whether the taxpayer should pay $700 billion to bail out investment banks who purchased mortgage-backed securities that are in danger of defaulting. The bailout was triggered by an event last week that shows just how close the global economy was (is?) to a catastrophic ( Read more... )
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