Financial Bailout--Translated
So many associations are voicing opinions, outrage, and ideas about the proposed mega-billion-dollar federal bailout that I can’t begin to share even a nugget of consensus here. However, amidst the exclamation points, I did find one helpful resource that simply lays out the problem in a coherent, calm fashion.
Kudos to The Century Foundation and economist and senior fellow Bernard Wasow for “Ten Questions and Answers About the Housing Crisis and the Financial Bailout—In Plain English.” With such public confusion about the crisis, a short, straightforward piece like this can have tremendous impact.
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