Friday, September 26, 2008

Understanding the $700 billion dollar Wall Street bailout

The issue of our current economic crisis is very complicated. I've attached several interviews from the NPR program Fresh Air, which helped to clarify the back ground and details of our current financial crisis for me.

Fresh Air from WHYY, September 17, 2008 - Was 'Adult Supervision' Needed On Wall Street? The bankruptcy of financial services giant Lehman Brothers and the 500-point drop in the stock market on Sept. 15 have sent shock waves through the financial community. Law professor Michael Greenberger discusses the potential ramifications of the recent turmoil.

Fresh Air from WHYY, September 23, 2008 - The Wall Street Bailout: A Conflict Of Interest? With the markets in flux and a massive government rescue package in the works, New York Times columnist Gretchen Morgenson looks into potential conflicts of interest in the nearly $700 billion deal.

Fresh Air from WHYY, September 11, 2008 · Andrew J. Bacevich, a professor of history and international relations at Boston University and a retired Army colonel, discusses his new book, The Limits of Power: The End of American Exceptionalism. He argues that pragmatic realism has always been the core of American foreign policy, and current politicians would do well to remember that. Andrew J. Bacevich rejects the notion that America possesses a unique tradition of 'liberation.'



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