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Tagged: european union, globalization, republicans, democrats, featured, interest rates, socialism, capitalism, foreclosures, gdp, u s economy, bond market, monetary policy, u s congress, banking sector, credit markets, main street, mortgage backed securities, mainstreet, martin wolf, u s treasury, fiscal policy, corporate capitalism, bailout bill, rescue bill, main street u s a, mixed capitalism, mainstreetu s a
Filed under: International markets, Forecasts, Politics, Recession, Financial Crisis Financial Times columnist Martin Wolf inquires, do Americans understand their financial and economic system? Anger at Wall Street's - - and regulators' - - lapses is justified, but at the end of the day to oppose the rescue package is at once self-defeating, contradictory, self-punitive, and borders on nihilism … Continue Reading »