SITKA, ALASKA Despite the passage of the Emergency Economic Stabilization Act last Friday (10-3-08), national and world financial markets have continued to wobble.
In the congressional debate leading up to the passage of the $700-billion dollar bailout, voices on both sides of the issue warned that “main street” and taxpayers would bear the brunt of inaction.
Now that the US Treasury is due to buy up quantities mortgage-based assets, “main street” is looking for some reassurance that things will improve.
Steve Dalquist is a financial advisor in Sitka. He spoke with KCAW’s Robert Woolsey about how ordinary people should view the evolving situation in the financial market.
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