French Premier Francois Fillon:
We’re on “the edge of the abyss”
By Mike Whitney
06/10/08 ‘”ICH” — – Years from today, when the current financial crisis is over, historians are likely to agree that it would have been far better if the Bush administration had declared a state of emergency earlier in the process so that the necessary steps could have taken to avoid a complete financial meltdown. The media could have been used to bring the American people up to date on market-related developments and educated in the bizarre language of structured finance. Knowledge is power; and power can prevent panic. Read the rest of this entry »
In These New Times 