« The New Era | Main | Repeal of Glass-Steagall to Blame for Crisis? »
June 10, 2009
A New Direction
From here on, this blog will focus on the financial crisis, suggest possible solutions for today's economic challenges, and analyze new strategies for combating such challenges. Such issues affect everyone from construction workers to stock brokers and investment bankers on Wall Street. The financial system, once considered indestructible, is now in shambles. Many factors have contributed to this crisis, including irresponsible lending practices, corporate greed, and risky decision-making. This blog will not detail the multiple causes. Instead, it will focus on the future. We have already identified the problems. Now we must solve them.
Politicians, economists, and analysts are suggesting new policies and regulations to prevent another meltdown in the future. These suggestions all have advantages and disadvantages. A catastrophe of this magnitude has no perfect, clear-cut solution. But if we play our cards right, we can restore America's financial system to its once powerful state.
Posted by iaijazud at June 10, 2009 12:13 AM