Wow! Its hard to believe that most of this financial crisis that our country is facing has to do with mortgages and people receiving them when it was clear they should not have. Now look what it has gotten us. Using unethical business practices may be ok for the short run when your pockets are being filled with money, but it always seems to catch up... and is bad for everyone.
Here's an article about the bailout bill that was not passed today.
http://features.csmonitor.com/creditcrisis/2008/09/29/why-the-bailout-bill-went-down/
Krista
1 comment:
this is pretty crazy stuff going on. in my opinion i am glad that the bailout package fell through. It had its pros and cons but for me personally, as a 21 year old college student, i know that ill be the one helping pay it off the next 5, 10 or 20 years. I also thought it was real interesting last class how they call it a bailout? just wanted to add that as a side note.
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