World-News

The editors of The New York Times write: "To understand the White House's blueprint for regulating the financial markets, start with what the Bush administration did not do. It did not offer America a plan to respond to the ongoing credit crisis or to the Federal Reserve's dramatic intervention to prevent the collapse of Bear Stearns. It certainly did not provide a roadmap for avoiding this sort of meltdown in the future."

http://www.truthout.org/docs_2006/040308N.shtml



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