Word: messed
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...just supposed to trust that mortgage lenders and Wall Street types have 'learned their lesson' and will not continue to exacerbate the problem (or find ways to create new ones)? What safeguards are/will be put in place so that derivatives of the type that got this mess started will not continue to be created or traded? I think it's fair to assume that mortgage lenders and Wall Street won't make these same mistakes for another generation at least. But they will do their best to figure out new ones to make. And while bubbles and crashes will always...
...Wall Street is still a scary mess, but don't resort to putting your cash under the mattress...
...supporters of the plan - which had been crafted by Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke - argued that as painful as it would be to commit such an unprecedented amount of taxpayer money to cleaning up Wall Street's mess, the price of not doing it would be even greater, because the crisis would spread to hurt ordinary businesses and their workers. Supporters of the plan argued that the only way to keep the financial system operating was to have the government buy the junk assets in order to take them off the balance sheets...
...winners and losers of the Wall Street mess here...
...work for months at a time without getting in trouble? In Obama's case it's been over a year now since he's worked, but he still gets paid to be Senator. What kind of employer cuts workers that much slack? And what kind of administrative mess must we have in the Senate for there to be no discernible loss of function in the absence of its chief administrators...