Overview
Wall Street has been on a roller coaster ride over the last few weeks so wild that it would make any Six Flags amusement park jealous. The salvaging of Fannie Mae and Freddie Mac earlier this month was only the first in several steps enacted in hopes of stabilizing the U.S. economy in hopes of staving off a total collapse of the financial sector. This week, Congress will debate a $700 billion dollar package meant to shore up the rest of the industry. That sum is most certainly more than pocket money. The cost of the war in Iraq to date. 12 Bill Gateses. $2300 for every American citizen. Any way you write the check, the additional sum would once again raise the national debt to staggering heights. Thus, the great financial bailout of 2008 is certainly worthy of our analysis.