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This Turmoil Shall Pass.(Business)(US economy)
Byline: David McCormick; McCormick is under secretary for International Affairs in the U. S. Treasury Department.
One of Henry Paulson's top Treasury Department aides on how United States and world policymakers are responding to the fallout of the global credit crunch.
Families unexpectedly losing their homes, businesses unable to get much-needed loans, banks reporting major losses and other stories of financial gloom and doom dominate today's headlines. Is the frenzied swirl of facts, figures and sound bites really as chaotic and threatening as it sounds?
The short answer is that we are in the midst of a phenomenon painfully familiar to ...
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Source: HighBeam Research, This Turmoil Shall Pass.(Business)(US economy)