Congress struggled with the proposed $700 billion bailout plan last week. The cost per taxpayer – about $2500. William Greider, political journalist and National Affairs Correspondent for The Nation, says Paulson's proposal is a "historic swindle." Why? Greider writes that tax payers "are the naked investors in this drama, asked to put up many billions to rescue Wall Street firms with nothing more than a vague promise it will save the Republic." Today we look at the financial turmoil with Greider.
Monday, September 29, 2008
"Journalist William Greider on the Financial Turmoil and Bailout Plan"
BREAKING--Howie P.S.: It has just been announced that the bailout plan bill has failed to pass the House.KUOW.org (audio):