wsj: The Real Costs of the Bailouts

sep 29th, 2008

i am sorry to say this, but i think there's no way a depression can be avoided. which is bad news for all of us, whether in the us or india.

---------- Forwarded message ----------
From: Shahryar

http://online.wsj.com/article/SB122256539004883001.html?mod=googlenews_wsj   SEPTEMBER 28, 2008 The Real Costs of the Bailouts By SUDEEP REDDY   Last week, as federal regulators seized Washington Mutual in the largest U.S. banking failure, Congress was grappling with whether to spend $700 billion of public money to fix the financial industry's troubles.   .... deleted