We Ask Questions
About Wall Street
Who is to Blame?
What to Do Next?
We wanted to write about the Wall Street crisis after it settled down. Apparently, however, matters will remain unsettled for awhile as Congress considers a massive bailout, and other developments are sure to come.
Rather than waiting for the dust to settle (We predict it never will), we would like to make a few observations today and ask two dozen questions that occurred to us over the last week as we watched seismic shifts take place the world of finance.
These deconstructive events are likely to have a substantial negative effect on the finances of New York City and the economic and social well-being of its residents, as well as the thousands of New Yorkers who have lost their jobs in the private sector and those in the public sector whose jobs are endangered by shrinking tax revenues.