The Financial Crisis Explained
Friday, September 19th, 2008 at
2:23 pm
…in a single two-panel cartoon at Red Planet Cartoons. The problem seems to stem from folks defaulting on home loans. It’s easy to label the lending institution "greedy" and go from there, but there’s a whole lot more to it than that. One big-government program has spawned this new big-government bailout.
Those with short attention spans will miss the larger picture. The larger picture is the more important one.
Filed under: Economics • Government
Like this post? Subscribe to my RSS feed and get loads more!
it’s hard to object to the government’s mass bailouts since similar debt-producing methods were put into action to bring the U.S. out of the Depression; maybe we’ve had a heart for socialism all along…
Well, or a low threshold for pain.