Editor's Letter - Another challenge for the House: Myopia
At 21:00 on the night before the event (Wednesday 24 September) President Bush addressed the nation on the ongoing financial crisis. It was more than a bit surreal watching the leader of the world's richest and most powerful nation attempting to convince his public that Treasury Secretary Hank Paulson's proposed $700 billion 'Wall Street bail out' was the only viable course of action to limit the extent of the credit crunch and by so doing helping to 'unblock' the inter-bank lending mechanism
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