nalysis: Washington's Trillion Dollar Wall Street Bailout September 19, 2008 09:35 AM ET | James Pethokoukis | Permanent Link So after the Mother of All Bubbles comes the Mother of All Bailouts. Main Street saves Wall Street. It now looks like Uncle Sam will create a new entity to take hundreds of billions of bad debt off the books of America's major financial companies. (Look for this to get done before Election Day, if not early next month.) "This is a gigantic step forward, the only way to fix the crisis," writes Ian Shepherdson, economist at High Frequency Economics. "Economy...
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Analysis: Washington's Trillion Dollar Wall Street Bailout
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