Whitley continues his informative series of Journals about the current financial crisis. His new Journal is about the bailout. In it, he explains WHY this was necessary and cautions us not to listen to the rants of radio talk show hosts who are in the business of attracting listeners, not giving them facts. He says, “The massive profits Wall Street has made selling worthless securities have been privatized, but the risk has been socialized. To make matters worse, nobody understands that we have had to do this to save our personal lives, especially not the talk radio hosts that fifty million Americans listen to every day.”
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