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Wall Street begs Washington to act, despite fears of aftershocks
Wall Street’s top bankers are urging Washington to hurry up and expand federal spending, even as they acknowledge that doing so will add to a tab that will take decades to pay down. Finance executives, who say their industry received a lopsided benefit from the first waves of government support, say that high unemployment will stunt growth -- and even create ripple effects into the financial system -- if Congress doesn’t do more to prop up the economy. “The huge elephant in the room on the consumer side -- and it’s an elephant in the room on the commercial side as well -- is what happens to government ... (full story)
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Confucius: the man who broke the mountain was the same man who started ...