Main St. is source of financial woes

The root of our current financial crisis is functional insolvency on Main Street, not liquidity on Wall Street. (“With markets on edge, Fed takes urgent action to calm investors,” March 17.)

Over the last eight years, it has been the inability of the private sector to create enough better-paying jobs that has led to the functional insolvency of millions of American workers. Giving taxpayers a few hundred dollars in tax refunds won’t make a dent.

Charles Finch

Huntington Beach