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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Cogito who wrote (105749)3/9/2009 8:51:29 PM
From: Dale Baker  Read Replies (1) | Respond to of 540921
 
So what do we do about all the banks that will fail, likely taking each other down and causing more failures, while the commission you propose goes digging around to find the root causes of our current problem?

The top priority for all the main players in the financial system (Obama, Fed, Euro central banks, etc) will be avoiding another Lehman-like event that sets off a cascading wave of defaults. They saw that once and it wasn't pretty.