Another Good Article on “The Bailout”

It is true that the financial system must be rescued; it must be rescued from the institutions holding bad debt that are currently draining capital while waiting for a bailout and adding little in return. It is they that are preventing wealth-generating activities in the financial sector and the other parts of the economy from expanding real wealth.

Full article here


One thought on “Another Good Article on “The Bailout”

  1. A half an hour ago (ca. 1:00 p.m.), the House rejected the proposed plan by a vote of 228-205, in a largely bipartisan display of support and/or disdain. This doesn’t mean they can’t schedule a do-over, though, and they likely will.

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