World-News

Robert Pollin, The Boston Review: "The collapse of the housing bubble and the speculative market for subprime mortgages demonstrates, yet again, the simple point that financial markets need tight regulation. Since September 2008 a series of massive bailouts by the US Treasury and Federal Reserve has prevented financial markets from experiencing a 1929-style collapse. These extreme measures, however, have not solved the broader problems at hand. As of this writing, we are experiencing the most severe economic downturn since the 1930s."

https://www.truthout.org/010909T



https://freepage.twoday.net/search?q=housing
https://freepage.twoday.net/search?q=mortgage
https://freepage.twoday.net/search?q=financial+market
https://freepage.twoday.net/search?q=regulation
https://freepage.twoday.net/search?q=bailout
https://freepage.twoday.net/search?q=Treasury
https://freepage.twoday.net/search?q=Federal+Reserve
https://freepage.twoday.net/search?q=Robert+Pollin