The India Daily reports:
Treasury Secretary Henry Paulson has created disaster for the American economy. The Wall Street trader just did not understand the precarious condition of the housing and mortgage market.
…what the Bush Administration has done since 2001 is called “protected socialism to enrich the rich”.
Simply put they have done everything to help the ‘rich by inheritance’ go richer.
However, whenever the rich made mistakes, they became the biggest socialist economy to back their mistakes with common people’s hard earned tax money.
But maybe there’s an opportunity for Americans too. The conclusion of the article says:
Paulson’s failure will end Wall Street’s dominance in American politics – misguided and misinformed policies take its toll.