Making Sense of Our Financial Mess

Pajamas Media by Charlie Martin | Oct. 2, 2008 (Special Report)

We depend on credit lines more than most people realize. Credit lines dry up: businesses that depend on them grind to a stop. That means: grocery stores start to empty — they depend on short-term credit to buy food for the shelves; paychecks bounce, or aren’t delivered at all — many companies, especially very big and very small ones, use short-term credit to pay payroll against receivables. People will be out of work. Full Story »

Posted by Kaizar Campwala

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by Derek Hawkins - Oct. 2, 2008

I have never seen Wikipedia cited in a news story or opinion, except perhaps to expose a piece of blatant misinformation. Why this author does so I'm not sure. I'm also skeptical of how credulous he is toward Henry Paulson, Ben Bernake, Warren Buffet and others. This opinion is billed as a comprehensive explanation of the credit meltdown, but it neglects almost altogether the many high-profile counterclaims to the economic rescue plan.

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