You are hereArchive - Sep 25, 2008

Archive - Sep 25, 2008

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Main St wonders "people responsible for this are making half a million a year, why do we have to bail them out?"

Christopher Tocchio, with sons Max and Domenic and wife Nicole behind him, is frustrated by government bailouts

(quote)

Melissa Hamlet worries that the stock market's wild swings will mean fewer potential buyers for her home. Restaurant owner Christopher Tocchio fumes that the government isn't holding failing businesses accountable for their reckless decisions. And Mary Vaughan, a recent widow, wonders why government rescues corporate America while she struggles to pay her bills. "I'm paying enough taxes now, and the taxpayers have to bail these big guys out?" she said.

Anger, fear, and shock about the Wall Street meltdown are percolating through conversations along Massachusetts' main streets. A whirlwind week of unprecedented government intervention to prop up the nation's financial system seemed to confirm people's worst fears: The economy is in peril and recovery is far off. Seemingly overnight, nearly everyone felt poorer - homes lost value, 401(k) investments were battered, and jobs, for some, were in jeopardy.

the New York financial district is seen from Brooklyn read more »

Earth provides enough to satisfy every man's need, but not every man's greed. - Mahatma Gandhi

Earth provides enough to satisfy every man's need, but not every man's greed.

— Mahatma Gandhi

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