THOUGHT FOR THE DAY!

"The United States does not have an automatic call on our resources. There is no mind-set that puts this country first."-- Cyrill Stewert, Chief Financial Officer of Colgate-Palmolive Corporation

 

Credit crisis triggers unprecedented response

Since the credit crisis erupted a year ago, the Bush administration has presided over one of the broadest expansions of the government into private lending in U.S. history, risking public money to prop up financial firms both large and small.

Webmaster's Commentary: 

So, even those Americans smart enough to avoid the real-estate bubble are gonna have to pay for it, one way or the other!

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Posted on Aug 09, 2008 at 09:02
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