Jan. 3-4, 2009—Football fans watching this year’s college bowl games may have noticed that some of the biggest sponsors were also recipients of federal bailout money... WSJ A2
--18 months into the most spectacular man-made financial calamity in modern experience, nothing has been done to change that, or any other of the bad incentives that led us here in the first place. Say what you will about our government’s approach to the financial crisis, you cannot accuse it of wasting its energy being consistent or trying to win over the masses. In the past year there have been at least seven different bailouts, and six different strategies. And none of them seem to have pleased anyone except a handful of financiers. NYT WK 9
No comments:
Post a Comment