Main Street Distrusts Wall Street and Washington When Will Crisis Sink In? Madison Panel Says Public Doesn't See Situation Is Dire

Summary

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Madison -- Government intervention is needed to help solve the financial crisis, financial experts said Monday. But until the seriousness of the situation hits average Americans directly, it might be difficult to convince them it's truly necessary.

A general mistrust of Wall Street and the government has led to doubts about whether the problems really require a massive rescue, said Mark Ready, a University of Wisconsin-Madison professor of finance, investment and banking.

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Main Street Distrusts Wall Street and Washington When Will Crisis Sink In? Madison Panel Says Public Doesn't See Situation Is Dire

But he said such skepticism about the crisis and the tightening effect it is having could begin to change if, for example, a bank cuts off a commercial borrower...

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