13 Sep
Posted by charles as Journalism, News, Politics, commentary
It’s been a year.
A year since the global financial system seemingly (and, largely, actually) had a meltdown.
The U.S. government came to the rescue…or, rather, American taxpayers did.
But things worked out far better for many financial institutions than they did for the rest of us.
A few of the “too big to fail” banks were kept from failing by taxpayer bailouts;the world’s largest insurance company ended up being insured by the U.S. government; and the banking and brokerage firm executives managed, for the most part, to hang on to their gilded compensation packages.
And, the rest of us?
Well, let’s see: the unemployment rate is way up across the nation; more and more people are not even bothering to look for work; companies are cutting back on health care coverage; banks are lowering or eliminating personal and even business lines of credit; home prices are still falling in many places; and, getting a mortgage that is affordable, still difficult. And, those proposed mortgage modifications? Best to forget about those,too.
Like they say, what a difference a year makes?
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8 Responses
What A “Difference” A Year Makes: One Year After The Global Financial Meltdown | Health Insurance
September 13th, 2009 at 8:46 pm
1[...] See the original post here: What A “Difference” A Year Makes: One Year After The Global Financial Meltdown [...]
linkwheel
November 7th, 2009 at 1:01 am
2A year can many differences - it may make o break you forever. The financial breakdown has left us with no options around. No jobs, no hiring has completely doomed everyone. Freshers are left with no job options. And the experienced have no job at all.The whole world is suffering!!
Link Wheel
November 9th, 2009 at 10:32 am
3Good post congratulations
Linkwheel
April 18th, 2011 at 7:46 am
4Hey…really a superb blog. I like the content most. Its really beneficial users point of view. Thanks for sharing. Keep posting. Visit my link as well.
mpouzoukia
October 2nd, 2011 at 10:17 am
5The problem is international.. but lets think about countries like Greece.. they have huge problem now…
Caramela Live
October 2nd, 2011 at 10:20 am
6In Greece in 2 months they will not have money to pay the salaries…
just imagine it!!
W night club
October 2nd, 2011 at 10:28 am
7In Greece in 2 months they may have passed Crisis because they found petroleum ground!!
starcity83
November 23rd, 2011 at 4:25 pm
8It seems that there has been a real turn for the better.
God help me
God help me prayer
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