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Post by ruthlanden92 on Sept 26, 2008 17:53:45 GMT -5
In this cartoon, you see that wall street is represented as Humpty Dumpty. At first Humpty Dumpty sat on a wall with its head up high, but then Humpty had a great fall and broke into pieces. This is compared to the Wall Street crash that America is now facing. The crash of Wall Street is a big crisis, but what should we do? Can America put the pieces back together or is our economy broken for ever. The government is now in the process of a bailout plan for Wall Street. But will the government ideas work? Is the bailout plan the glue we need to stick Wall Street back together, or is it going to remain shattered? We need to figure out a way to handle this problem, because America is losing money and we barely have any.
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Post by joshuak on Sept 27, 2008 12:24:43 GMT -5
Many people believe we should let the banks go bankrupt. That is definitely not the best choice. If the banks go bankrupt the already unstable economy of the United States will crumble. The United States will go into another great depression. Though the banks deserve to go bankrupt because of all the trouble they've put the American people through, letting them will only make matter worse. Most banks only guarantee 100,000 dollars back to you if they close. many people have life savings in banks, think about how many people would lose everything they've worked fr if some of these banks go under. It would just be the worst thing to happen to America.
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Post by Mr. Wells on Oct 22, 2008 11:35:19 GMT -5
Good work, though you missed a few elements of the cartoon.
22/25
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