Kenneth Rogoff: Opinion: Why We Need To Regulate Banks Sooner, Not Later

Financial Times:

When in doubt, bail it out," is the policy mantra 11 months after the September 2008 collapse of Lehman Brothers. With the global economy tentatively emerging from recession, and investors salivating over the remaining banks' apparent return to profitability, some are beginning to ask: "Did we really need to suffer so much?"

Read the whole story: Financial Times

Comments

[publicradio]

country is going down the tubes and there's nothing we can do about it

good articles: http://www.iamned.com

[publicradio]

country is going down the tubes and there's nothing we can do about it

[lloydblank]

Obama already failed to reform the banks & wall street; now he's failing with heath care, too. So much for change you can believe in.

good articles: http://iamned.blogspot.com ...

[amaycatbaker]

http://tomekeeper.com/funnies/funny17.html My take on where the TARP money went.

[mcmchugh99]

Somehow, I doubt that capitalism would be able to stand on its own if all the trillions in federal money and guarantees were withdrawn.

[jerrypl]

Hill Raiser, you are just a spammer! GO AWAY!

This is what the real story is, which is the big financial crime syndicate is using the Fed's cheap source of zero percent taxpayer cash to borrow and then, go into the stock market and make huge bets on themselves and other companies to pad their soon-to-explode balance sheets that have off-balance toxic mortgage debt derivates. Bernanke is trying to make their future losses less painful at the expense of damaging the economy even further through his quantitative easing policy.

You cannot build a building by taking the bricks from the bottom and moving them to the top.

http://eye-on-washington.blogspot.com

[hill raiser]

middle class keep getting shafted. cash for clunkers only got 3 billion and canceled after just 3 months. This country needs more wel1fare and less R3aganism.

good articles: http://www.iamned.com