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Daily Archives: March 21, 2008

Slump Moves From Wall St. to Main St.

NY Times reports main street consumers start to feel the pinch.

More bank regulation coming

Are we soon to see more regulations on banks, especially on investment banks? Paul Krugman thinks no regulation on "shandow banking system" is the reason why we got here today.  He compared today's financial crisis with the Great Depression in 1930s. But aren't those regulated banks also in trouble?  Can regulation solve the problem?