Main Street's Resentment Over Wall Street Bailout
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Hank Paulson, Main Street And Wall Street, Wall Street, Wall Street Bailout, Wall Street Crisis,
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Washington Post :
The bailout doesn't smell right to the people of Manassas Park, where the foreclosure signs are as common as azaleas. They know all about bad debt here. This is a terrain of oversize dreams, misjudgment, financial calamity -- and empty houses. "Foreclosure. Foreclosure. Foreclosure," said Ed Merkle, 58, as he pointed to the "for sale" signs lining his street.
But Merkle, a defense contractor, said he has lived within his means in an era of easy credit. He didn't take on a huge loan even when his bank encouraged him to dream bigger.
First Posted: 09-22-08 09:16 AM | Updated: 10-23-08 05:12 AM