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Minneapolis, MN 55411
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Latest News

Ellison: If Wall Street fails, Main Street goes down, too
Sunday, 28 September 2008
Wall Street firms that survived the Great Depression have now gone under. Minnesota home-repossession rates are at a record high, up 171 percent from July 2007 to July 2008. The economic crisis we are facing is real. President Bush's response: Wall Street gets a $700 billion rescue; Minnesota taxpayers foot the bill and perhaps a foreclosure note to boot.
Ellison: How Congress Should Respond to the Bailout
Wednesday, 24 September 2008
The events of the last several weeks are dizzying in scope. Lehman Brothers, a firm founded in the 1850s, survived the Great Depression, but it could not survive the current financial crisis. Similarly, Merrill Lynch, nearly 100 years old, was a casualty of the latest crisis as well. The root cause of the failures we face today stems from the ideological commitment to oppose public input through regulation, oversight, and corporate accountability. Now, the bankruptcy of the trickle-down philosophy has fully manifested, and Americans are being asked to make historic sacrifices.



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