The US Financial Crisis

An Editorial About the Imminent Collapse of the US Economy

Should taxpayers have spent $700 billion to keep troubled financial institutions afloat? Perhaps a better question is do we stand by and allow legislation to be passed with the knowledge that it was based on unverifiable information and unethical practice. This editorial is a response to a Charlotte Observer article entitled "Financial sector: Bail it out or let it sink?" with opposing viewpoints from two local economists. I am in an unenviable position in that I disagree with both of them. I have theories that when put into practice could possibly resolve the issue, but they are not seen as practical or perhaps even possible by most and thus not likely to sway the average American taxpaying citizen. But that never stopped me before.