Tuesday, September 30, 2008

Economist: Why Bankruptcy is Better than Wall Street Bailout

This is an excellent explanation of the bailout

.Congress has balked at the Bush administration's proposed $700 billion bailout of Wall Street. Under this plan, the Treasury would have bought the "troubled assets" of financial institutions in an attempt to avoid economic meltdown. This bailout was a terrible idea. Here's why.

read more | digg story

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