Here are today's headlines from the Wall Street Journal and the New York Times. The Dow fell 777 points, mainly on news the U.S. House of Representatives defeated the proposed $700 billion financial rescue package.
Well, what do you expect? Especially in the world {or country} that we live in today. Now i can see why teachers in the edcational system tell there students "if one person does something wrong, we all have to pay for the consequences{something like that}." Thats a principle that we are going by in everyday life. And people like Fannie Mae and Freddie Mac dont even care.
I think that it's a smart decision that the House of Representatives mad on rejecting the $700 billion financial aid to the banks because it would lead the U.S. into a greater debt if this was brought into action and that the banks should've made wiser decisions about who they're loaning money to.
2 comments:
Well, what do you expect? Especially in the world {or country} that we live in today. Now i can see why teachers in the edcational system tell there students "if one person does something wrong, we all have to pay for the consequences{something like that}." Thats a principle that we are going by in everyday life. And people like Fannie Mae and Freddie Mac dont even care.
-Creshae
Hour.6
I think that it's a smart decision that the House of Representatives mad on rejecting the $700 billion financial aid to the banks because it would lead the U.S. into a greater debt if this was brought into action and that the banks should've made wiser decisions about who they're loaning money to.
-Yer T.
Period 7
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