What went wrong? Last week, the nation's political leaders said the financial system would collapse unless they passed a $700 billion rescue package for Wall Street. On Monday, the first day of trading after the plan passed, the financial system continued to melt down anyway. Here's why: The plan... -
Unfolding Worldwide Turmoil Could Reverse Years of Prosperity
What went wrong? Last week, the nation's political leaders said the financial system would collapse unless they passed a $700 billion rescue package for Wall Street. On Monday, the first day of trading after the plan passed, the financial system continued to melt down anyway. Here's why: The plan...-
By David Cho and Binyamin Appelbaum