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Financial crisis panel tells Nevada leaders to be bold

from The Associated Press via Google News

From mortgage problems to education and budget issues, Nevada leaders delivered a sobering assessment of the state's future as a result of the Great Recession during seven hours of testimony before a federal panel investigating the country's financial meltdown. And while the bipartisan Federal Crisis Inquiry Commission isn't expected to deliver its formal report to Congress and President Barack Obama until Dec. 15, commissioners told Nevada leaders they need to be bold in fixing widespread problems. "It is a very bleak picture that you paint," said Commissioner John Thompson, board chairman of Symantec Corp. more

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