Article: EDITORIAL: Bailout not best, but is necessary.(Editorial)

Oct. 2--No one is happy with seeing corporate executives who squandered away millions and billions of dollars of pensions and life savings leave Wall Street without facing consequences. That mood was shown earlier this week by the U.S. House's refusal to accept a negotiated $700 billion bailout of our nation's financial institutions. But regardless how bitter the pill, action must be taken or millions of Americans -- those who live on Main Street not on Park Avenue -- could see their pensions evaporate, get refused for a car loan or, even worse, lose their home to mortgage foreclosure. As Democratic presidential nominee Barack Obama said, the time to fix blame is ...

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