The response to the new bailout from Wall Street to Main Street
Forget TARP and get used to F.S.P. That’s the Financial Stability Plan that Treasury Secretary Timothy Geithner unveiled yesterday and the markets had a clear response: They hated it. To find out what may be bothering the markets, we turn to Peter Morici, an economist and professor at the University of Maryland. But we are also curious how Main Street was reacting to the revamped bailout and we asked John Fetterman, the mayor of Braddock, PA to join us for his point of view.
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