Wednesday, September 17, 2008

Video(s) of The Day - Pain, Suffering and Tragedy






Roger Altman, of Evercore Partners, explains how the current financial crisis is the worst since 1932 and will further exact wides-scale human suffering.

Further, Altman argues that the Federal Reserve pulled back from bailing out Lehman in order to avert a domino effect that could have resulted in a spiraling loss of confidence in the US.