Appeared on May 30, 2008
The Economic crisis is ruining people's lives, the media has failed to tell the full story, explains Danny Schechter, whose investigation corroborates that of Joseph Mason, an associate professor of finance at Drexel University's LeBow College of Business, who sees more bank failures ahead: "At this point in the crisis, you can't stop bank failures… You move through the problem. You don't avoid the problem. It's too late to wait and hope that things get better."