October 9, 2008

American heartland is suffering from Wall Street's woes

While all eyes are on Wall Street's plunge, the snowballing financial crisis is sending an already weak Main Street economy into decline. Dispatches from McClatchy newspapers in 30 U.S. cities make it clear that Main Street America is suffering from the deteriorating health of Wall Street. Banks are unable or unwilling to lend amid the growing crisis, and that's deepening the downturn.

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