No Sense Of Urgency Among Governments To Rescue The Situation

By Sy Harding: As the downturn worsened severely in 2008, governments around the world finally jumped in with massive panicked rescue efforts. In March, 2008 there was the $29 billion bailout of Bear Stearns, in May the $178 billion in stimulus checks to consumers, in July the $300 billion for at-risk homeowners, in September the $25 billion bailout of automakers and the $200 billion bailout of...