There were immediate and obvious people: * People who lost jobs and still aren't employed * People in the stock market that panicked and sold the bottom and then have watched it recover sitting in Cash. read more
In 2008 the world economy faced its most dangerous Crisis since the Great Depression of the 1930s. The contagion, which began in 2007 when sky-high home prices in the United States finally turned decisively downward, spread quickly, first to the entire U.S. financial sector and then to financial markets overseas. read more
September 24, 2008 7:02 pm September 24, 2008 7:02 pm While Americans are debating whether the bailout plan helps Wall Street or Main Street, non-Americans have been debating how the proposed bailout plans will affect the rest of the world. read more