Thursday, September 19, 2013

Financial crisis flashback: U.S. works on bailout; economists warn of weakness for 'the next several months'

Five years ago today, the federal government was working on a plan to bail out the nation's largest banks. Bank of America was mentioned as a potential buyer of WaMu. And some economists in Charlotte said the economy could be weak for "the next several months." We know how that one turned out.

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Anonymous said...

Nothing much has really changed, has it?

As long as the banks are mixed up in "investments", this will continue.

We have learned nothing.

The banks and their lobbyists decide what rules they live by.

Wow, wish I could do that.