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This recession was truly trickle-down economics in action, or maybe it was more of a deluge. What started as failures at a few large financial institutions deemed "too big to fail" cascaded into bankruptcies and bailouts for two of the Detroit Three. Massive federal cash infusions for both...

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Veröffentlicht in:Products Finishing 2009-12, Vol.74 (3), p.4
Format: Artikel
Sprache:eng
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Zusammenfassung:This recession was truly trickle-down economics in action, or maybe it was more of a deluge. What started as failures at a few large financial institutions deemed "too big to fail" cascaded into bankruptcies and bailouts for two of the Detroit Three. Massive federal cash infusions for both the Wall Street bunch and the automakers did nothing to prevent an across-the-board economic meltdown featuring widespread layoffs, home foreclosures and personal bankruptcies.
ISSN:0032-9940