Saturday, October 4, 2008

Real News Video: Bailout a "really big number"

Bailout bill no relief on foreclosures as159,000 more jobs were lost in September, markets down again

"The financial bailout package was passed by the US House of Representatives on Friday but 108 Republicans and 63 Democrats still refuse to approve the bill. Markets drop anyway with the Dow Jones losing 818 points on the week. Jobs in September slashed by 159,000 and home foreclosures at 770,000 since August 2007 expected to continue to rise. The Real News Network talks to Michael Perelman, Professor of Economics at California State University, Chico."

No comments: