The Hard Economy ; Credit Squeeze Rattles Lives of Sellers, Buyers
The Washington Times › October 20, 2008
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Summary
As the credit crunch filters down from Wall Street to Main Street, it's more than the investment bankers who feel the squeeze. William Darter, a retired real estate developer who now lives in Melbourne, Fla., lost a $3,000 investment in Washington Mutual Inc. While it might not sound like much to most, it's a considerable sum for someone living on Social Security payments, he said.
"I'm hurting pretty bad as an individual," said the former manager for Prudential Insurance Co. Mr. Darter also lost money in Wachovia Corp.See the full content of this document
Extract
The Hard Economy ; Credit Squeeze Rattles Lives of Sellers, Buyers
He supported the bailout package, and he said most of those who opposed the bill had misconceptions about it.
"All they hear is this is a bill to bail Wall Street out," Mr. Darter said. "There are lots of little people like me who are going to lose" money if Congress did nothing.For colleg...See the full content of this document
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