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Could Wall Street Woes Set Off A Global Crisis?


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#1 SHRED

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Posted September 17 2008 - 06:05 PM

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Do yourself a favor and listen to this.
Very enlightening.

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Fresh Air from WHYY, September 17, 2008 · The bankruptcy of financial services giant Lehman Brothers and the 500-point drop in the stock market on Sept. 15 have sent shockwaves through the financial community. Law professor Michael Greenberger explains how the recent turmoil on Wall Street could trigger a domino effect for economies around the world.

Greenberger is the director of the Center for Health and Homeland Security at the University of Maryland and the principal deputy associate attorney general at the Justice

http://www.npr.org/templates/story/story.p...toryId=94686428


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#2 Farley

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Posted September 19 2008 - 07:05 AM

Not to worry, I just heard CHENEY/JimBeam/bush on C-Span and he vowed to work "all weekend" on the problem, so I fully expect the crisis to be over no later than Monday.