COC

bailout

They Can't Help It!

Center of Concern | Wed, Nov 12, 2008

They Can't Help It!

The sense of entitlement we are witnessing among the elite is something very different.  It does not arise from need but from an overweening habit of conspicuous consumption.
The Wall Street Crisis: Background and Causes

Center of Concern | Fri, Oct 3, 2008

The Wall Street Crisis: Background and Causes

This eight-page resource lays out the background, causes and connections behind this crisis. The resource includes:
  • Effects, dangers and alternatives of the bailout
  • Background on the causes leading up to this crisis.
  • A perspective on the crisis from a Catholic Social Teaching view
  • Quotes from the social teaching on the function of the free market
  • Graphs and charts

This resource is a companion piece to the visual overview.

Economic Hemorrhage vs. Bailout Band-aid

Center of Concern | Tue, Sep 30, 2008

Economic Hemorrhage vs. Bailout Band-aid

I’m having a difficult time deciding how I feel about the “bailout package.” I thought about what I would have done yesterday if I were a member of Congress. I decided I probably wouldn’t have voted for the bailout package either. To me it seems like a band-aid made for a paper cut that is trying to fit over a gaping wound that is a hundred times the size of a paper cut. Maybe this band-aid is the wrong shape and size. Maybe it's not even a band-aid that we need.