March 4, 2009

Why And How Bank Failures Matter

Alice is 31 years old. Her husband Mike was just laid off and she is worried about losing hers given the economic decline. They would like to buy a house but that’s out of the question now, and they want to start a family but worry about how they’ll manage. Why should Alice, Mike and the rest of us give a damn about failing banks? Does it really affect ordinary working families?

Read more here.

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