From the Cafferty File:
Which candidate is better equipped to handle the financial crisis?
Former Chairman of the Federal Reserve, Alan Greenspan is calling it a once in a century financial crisis.
Lehman Brothers one of the oldest investment banks on wall street has filed for bankruptcy after it failed to find a buyer. Another financial institution, Merrill Lynch is being bought by Bank of America. And insurance giant AIG the largest insurer in the country is desperately trying to raise cash in order to stay in business. The stock market took a huge hit todayFannie Mae and Freddie Mac are already under federal takeover-their stock is worthlessAnd Wilbur Ross-a billionaire investor-predicts we could see 1,000 bank failures in the months ahead.
Change and reform are two words we hear a lot of on the campaign trail. When it comes to our financial system, we need both. And it seems clear that things are going to get worse before they start to get better.
Heres my question to you: Which candidate is better able to handle a once in a century financial crisis?
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