Friday, Mar 14, 2008
Bank bailouts: helping or hindering?
MoneyWeek: Bank bailouts: helping or hindering?
If only the G7 would sit back and let the failed banks fail. A report from the World Bank suggests that the Fed, the ECB and the Bank of England are all prolonging the current crisis with their intervention.
Posted by damien @ 02:27 PM (582 views) Add Comment
4 Comments
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1. mark said...
i agree, they should stay out of it, after all they would bail out plumber joe or bob the builder or the leaving the uk plumber kraovski..............lol
2. stillthinking said...
Interesting development with Jim Rodgers saying the same thing. Wonder if Bernanke will change his plan? I can't see that happening.
3. hpwatcher said...
I think Bernanke is being mis advised. Everything he does seems to be driving the US deeper into recession.
4. enuii said...
Perhaps Bernanke is finally being revealed as being in a position higher than his ability.
A not uncommon phenomenon these days.