Through The Static

March 17, 2008

The B Word

Filed under: Economics,Government — disciplepete @ 8:18 am

Might be time to bail out the firms who have led us into a recession. From the NYT:

O.K., here it comes: The unthinkable is about to become the inevitable.

Last week, Robert Rubin, the former Treasury secretary, and John Lipsky, a top official at the International Monetary Fund, both suggested that public funds might be needed to rescue the U.S. financial system. Mr. Lipsky insisted that he wasn’t talking about a bailout. But he was…

So here’s the question we really should be asking: When the feds do bail out the financial system, what will they do to ensure that they aren’t also bailing out the people who got us into this mess? (article)

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