Debate intensifies in the United States on the bailout of financial firms introduced by the Treasury Secretary Henry Paulson. After a moment of shock for some, relief for others, the 700 billion dollars will be paid by the taxpayer, in the hope that hypothetical subsequent regulations, starts to bump morale. [Read more]
...the American government dared to nationalize some of those companies and banks. Were Marx, Lenin, and Mao Tse Tung resurrected today, they would celebrate the sweeping victory over brutal capitalism...
Kings and queens have clung to the past before and humiliated themselves in public, but this time it was merely a United States president. Or what is left of him.
without any bailout, the US financial market will implode, bringing the world economy into a serious recession
This crisis will enter history through the widest of doors, as it has blown out the flame of capitalism and the free market, and made the huge institutions of Wall Street rush to Washington to scrounge for rescue.