A rescue plan for the rest of us

The federal government has given Wall Street a taxpayer-financed cash infusion of up to $700 billion in an attempt to avert a steep economic downslide. But people on Main Street are also hurting, and a majority of Americans think the government hasn't done enough for them, according to a new poll by the Consumer Reports National Research Center.

Fifty-six percent of respondents said the government needs to do more to help average citizens through ... Full Story »

Posted by Leo Romero
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Subjects: Business, Living
Topics: Money
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Posted by: Posted by Leo Romero - Jan 25, 2009 - 10:10 AM PST
Edit Lock: This story can be edited
Edited by: Fabrice Florin - Jan 26, 2009 - 1:11 PM PST
Derek Hawkins
4.0
by Derek Hawkins - Jan. 27, 2009

This piece is pretty one-of-a-kind in the way it covers the bailout of Wall Street. It hits on all the issues where economic downturn affects consumers directly -- from Social Security to pensions to unemployment -- to show that they need assistance too. There's a good balance of factual information and personal anecdotes. All around, an excellent, helpful report.

But back on Main Street, the rescue plan might seem a bitter pill because the money is going to the financial institutions that many see as the cause of the problem. More »

See Full Review » (12 answers)
Fabrice Florin
3.9
by Fabrice Florin - Jan. 26, 2009

Excellent article from Consumer Reports about the recent U.S. bailout of the financial industry -- and the need for a separate rescue plan for consumers. This in-depth, ten-page report provides extensive factual information on how the crisis is affecting the rest of us, with seven recommendations for government aid, to protect taxpayers and their retirement funds, as well as reforming health care and mortgage programs, while curbing credit card abuse and reducing foreclosures.

Disclosure: Consumers Union, the parent company of Consumer Reports, is partnering with NewsTrust this week to find the best journalism on Money. This did not influence my personal review of this great report.

See Full Review » (12 answers)
Kaizar Campwala
4.1
by Kaizar Campwala - Jan. 27, 2009

Unlike most coverage of the bailout, this report takes an in-depth look at what all the big numbers mean for Americans. Well-researched and informative.

See Full Review » (11 answers)
Leo Romero
3.0
by Leo Romero - Jan. 25, 2009
See Full Review » (1 answer)
Thomas Cargill
5.0
by Thomas Cargill - Jan. 27, 2009

Yes, it uses original sources, and presents a side of the so called "bailout" that seldom gets told.

It's time to help main street. It wasn't main street that caused the crisis. Wall Street investment bankers and unregulated greed caused it, and the first ones to get help were the clowns that caused the problem in the first place. No bank should be so big that it can't fail. Break up or spin off, but the American public should not have to finance greed and stupidity in this scale.

See Full Review » (6 answers)

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