Monday, September 15, 2008

Covering America's Economic Crisis

As I mentioned in an earlier post, the media tends to ignore coverage of the nation's economy. On one hand, reporters can't really be blamed for that, as our entire economic system is shrouded in secrecy. Yet, I think the press could at least try to do a better job of featuring things related to our once-powerful dollar.

However, with the recent news of Lehman Brothers' bankruptcy filings and Bank of America's purchase of Merill Lynch, there has been no shortage of coverage in regards to Wall Street's recent crisis. Almost everywhere you go online, you can find something related to this recent economic meltdown.

I personally liked an opinion piece by Jon Markman, which explains why the Federal Reserve is right to not have lent a helping hand to the once powerful bank.

For those who don't know much about economics, I suggest they read more Markman, who regularly pens articles for MSN's Money Central. His pieces are always analytical and informative, but light and easy to understand.

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