Wyoming insulated from financial crisis, for now
Wyoming is somewhat insulated from the nation's financial crisis for now, but it could eventually envelop the state if it widens, Robert Godby, chair of the University of Wyoming's Department of Economics and Finance said.
As an indication of how bad the The Banking Liquidity Crisis is, the Federal Reserve held the first emergency weekend meeting in 30 years to try and save investment bank Bear Stearns, which was in danger of going bankrupt thanks to bad mortgage-backed securities and other collateralized debt obligations.