Friday, September 16, 2011

Europe's Banking Crisis

     After news agencies spent the week ignoring the banking crises, it exploded today. I found three different articles. First is a synopsis called Europe's Banking Crisis to get you up to date on what is going on. Second is what the Fed is doing about it called Federal Reserve Boosts Flow of Dollars to ECB which is actually a news story not an opinion. Third is definitely an opinion piece called What's 2 Billion Between Friends which uses the scandal in Switzerland to pound in their nails for the need for reform. This is an ugly situation which is going to have a negative effect on our economy at a time when we need the opposite.


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