Make no mistake...we are stripping bare the US Economy and Banking System this week as more banks fail. The Federal Reserve (The FED) is injecting money into the banking system to increase liquidity for future loans. However I am not listing here the money injected since most of us can't understand the funds anyway. The real issue seems to be failing banks, failing investment firms like Merell Lynch and of course the risk of chaos from AIG failing. The government (The FED) is working on decision to step in and fund AIG to avoid Bankruptcy.
As these large corporations teeter on the brink and pundits gauge whether the whole economy will be struck...there is another perspective. Stock holders and investors like the American Middle Class are at risk for their retirements and savings.
There are plenty of questions Americans will be asking. Was the Federal Chairman, Mr. Greenspan or Security Exchange Commission (SEC) Chairman's at fault? Was the US Congress at fault?
Tuesday, September 16, 2008
Election 2008: Rebuilding Financial Markets, Banks, and the Economy
Labels:
Business Ethics,
Economy,
Election 2008,
FED Chairman,
SEC,
US Government
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