Obama: 'There Is No Easy Out' for Wall Street

On the same day his Treasury secretary detailed a $2 trillion plan to stabilize the U.S. banking systems and the Senate narrowly passed an $838 billion economic stimulus bill, President Barack Obama said, "we are in a perfect storm of financial problems." The Dow Jones industrial average dropped 382 points following today's news, and Obama said it's important to recognize that "there is no easy out" when it comes to the current economic crisis. "Wall Street, I think, is hoping for an easy out...Full Story
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