Another week brings more uncertainty to the financial world. Just days after Lehman Brothers declared bankruptcy and Merrill Lynch was saved by Bank of America, the Feds are bailing out insurance giant AIG to the tune of $85 billion. This all stems from the mortgage crisis, but what is really responsible for the mortgage crisis? Should the government be this active in rescuing these major firms? And does this mean trouble or the chance for some real bargains for your portfolio? Tell us what you think!
Listen to Greg’s interview with Political Economy Professor Dr. Gary Wolfram.