the power of a bailout?!

This is a repost from a friend, Asher Edelman, who has particular insight into the economy. We agree with him that the economy will not be helped by propping up failing financial institutions without making them responsible for their failings, and without helping the people who are being harmed. A strong economy is dependent on a vibrant middle class — and that middle class is the group most beset by the current financial crisis. Please feel free to pass along Mr. Edelman’s insights to whomever expresses an interest, and to those who may actually have some influence over the current flailing going on at the high levels where these decisions are being made

Read the rest of this entry »