Tuesday, September 30, 2008

Congress repeats 1930s errors with bailout vote

A very interesting article.

"In the 1930s, the US Congress did more than its fair share in helping to turn a financial crisis into a global depression. Yesterday it looked as though it was auditioning to assume that role again."

"...in rejecting a plan to help to rescue the US financial system that had been constructed and reconstructed by the Bush Administration in collaboration with the Democratic and Republican leaderships, the House of Representatives dealt a hammer-blow to an already almost immobilised global financial system."
-TimesOnline.com


Analysis: Congress repeats 1930s errors with bailout vote

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