Bailout: Don't forget the people

money.cnn.com ^ | October 14, 2008 | Paul R. La Monica

[rushfreedom]

Former Federal Reserve vice chairman Alan S. Blinder said that coordinated global efforts to stem the credit crisis were long overdue and that borrowers should not be left out of any future rescue plans. Bush: U.S. to buy bank shares

More Videos The Federal Reserve lowered its key short-term interest rate to 1.5% last week.

Quick Vote Will the U.S. lose its position as the world's financial superpower? YesNo or View resultsThe $250B bet

More VideosAMERICA'S MONEY CRISIS Highest budget deficit ever Bank rescue will take time to work McCain's $52.5 billion economic plan Will Wall Street's woes hit the Yankees? Small biz: Here's the help we really need

NEW YORK (CNNMoney.com) -- The United States and the rest of the world are taking extraordinary steps to help keep banks afloat.

But a former vice chairman of the Federal Reserve, while applauding the most recent actions, still thinks more should be done to help the average consumer.

[rushfreedom]

Tonight Anderson Cooper added Alan Greenspan to his list of culprits of the collapse. I half agree. But the story said he did not want to regulate the banks. CNN is avoiding all the facts that blame the fall on liberal policies of "affordable homes". Greenspan did want regulations and I can see it on youtube. Why can't CNN?

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