Thought For The Day

  • Thought For The Day

    Credit Crisis

    MARTIN CRUTSINGER, AP Economics Writer, WASHINGTON – The Bush administration is proposing the biggest overhaul of financial regulation since the Great Depression. The 200-page document. . .proposes giving broad new powers to the Federal Reserve to combat the type of severe credit crisis currently gripping financial markets.I don’t want to be accused of over-simplifying, but the real problem in our economy is greed. Money is a wonderful servant but a horrible master. Lloving it can create real problems, and create multitudes of means for exploiting others. From overspending our paycheck to racking up massive amounts of credit card debt, average, everyday folks find their lives in the same kind of…