Saturday, October 18, 2008

Moving from Wall Street to Main Street

http://www.nytimes.com/2008/10/18/business/18nocera.html?scp=5&sq=business&st=cse
Now that the government has “saved” Wall Street — at least for the moment — hasn’t the time finally come to save Main Street too?

My Response: I don't think saving any of these branches need financial help deserve it. The people who brought these homes should have clearly understood the outcomes of what could happen if they couldn't pay for the house. The people chosen to manage these financial areas should have been carefully managing the "ins" and "outs" of the funds within the company, and also check thoroughly the background on the people who wanted to be homeowners. This is a great example of bad management. Companies that rely on the government every time their going down when its their fault.

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