Here's the situation: Thanks to its own inability to control itself, Wall Street is now facing a crisis unmatched since the Great Depression. Unfortunately, a collapse of the financial sector would not only hurt rich investors, it would devastate the global economy. So, government action is imperative.
Treasury Secretary Henry Paulson and Federal Reserve Chair Ben Bernanke say immediate Congressional legislation is imperative. And Congress is adjourning at the end of this week, with Members eager to get back to their...
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