SOURCE: USA Today

The debt binging that the caused a lot of the
financial crisis the economy is facing has not been alleviated by the Feds. This is certainly the worst financial crisis in the last 50 or 60 years," says Kenneth Rogoff, a former chief economist at the International Monetary Fund and now an economics professor at Harvard.

The best-case scenario that the financial markets
can expect is that the Feds can lead them to a recovery in the housing market. No one wins if this economic breakdown spreads to other banks and beyond. "It's a really dicey moment we've come to." says Seattle-based money manager William Fleckenstein.

A good article by USA Today which answers a number of questions regarding the collapse of Bear Stearns and its effect on the economy can be found by following the link. It discusses the issues that are worrying the economy and what some analysts feel may take place.

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