Key lessons emerge from financial mess

 
By Victor Davis Hanson
Published: October 11, 2008

Until the past few weeks, the financial panic was still mostly far away on Wall Street . But not now.

Car loans, mortgages and college financing are suddenly harder to come by. Millions are stuck in houses not worth what is owed on them. Cash-strapped consumers are cutting back. The economy is slowing. Jobs are disappearing.

There is plenty of blame to go around. Greedy Wall Street speculators took mega-bonuses ...


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