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econompicdata.blogspot.com - 10/9/2008
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The Federal Reserve just released Consumer Credit data for August and it isn't pretty. For the first time since early 1998, seasonally adjusted month over month consumer credit outstanding turned negative AND this was BEFORE markets completely froze in August. People, it is NOT all about just ...
american.com - 10/5/2008
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american.com —
Main Street remains suspicious of government plans to
buy distressed mortgage assets. Leading politicians and newspaper editorials
are struggling to explain how the financial bailout will help Main Street. They see that the challenge is to get the ...
(more)
Main Street vs. Wall Street
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...
canadiancapitalist.com - 10/4/2008
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canadiancapitalist.com —
There is a lot of public anger on
the $700 billion dollar bailout that is being proposed
by the Bush Administration. The typical reaction is why bail out well-paid fat cats on Wall Street, who are responsible for the current mess anyway. While it is ...
(more)
Why Bailout Wall Street?
livescience.com - 10/3/2008
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livescience.com —
The outrage expressed by many so-called Main Street
folks over the proposed Wall Street bailout is based
on more than a sense of injustice. It's about revenge, a basic animal instinct shared by humans, chimpanzees and even blue-footed boobies. And ...
(more)
Animal Instincts: Main Street Seeks Revenge on Wall Street
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Consumer Credit Still Frozen
The Big Picture —
... Excellent graphic depiction of exactly how frozen credit remains:
>
chart via Jake at Econompic
>
Sources: G.19 Consumer Credit Board of Governors of the Federal Reserve System October 7, 2008 http://www.federalreserve.gov/releases/G19/Current/
From Wall Street to Main Street... Credit Frozen http://econompicdata.blogspot.com/2008/10/from-wall-street-to-main-street-credit.html ...
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