CNN encapsulates the financial meltdown in a thousand words or less-blaming the subprime borrowers (firstof course). The greed and lack of restraint on wall street-bush give to the rich policies aren't in this fairy tale-Let's make the peasants the villians.
CNN lead in:
How a 'perfect storm' led to the economic crisis
Story Highlights
Firms are cutting jobs, credit is frozen and billion-dollar bailouts are being doled out
Experts trace the crisis to a housing bubble from earlier this decade
A confluence of greed, lack of regulation and reckless borrowing played a role
(interestingly this isn't attributed to Bush or Wall Street greed)
Story Highlights
Firms are cutting jobs, credit is frozen and billion-dollar bailouts are being doled out
Experts trace the crisis to a housing bubble from earlier this decade
A confluence of greed, lack of regulation and reckless borrowing played a role
(interestingly this isn't attributed to Bush or Wall Street greed)
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