BUSINESS

Larry Summers: Bailouts Only A "Temporary" Measure

03/18/2010 05:12 am 05:12:02 | Updated May 25, 2011

Mr. Summers: The government's direct actions to invest money in companies were once-a-generation or once-every-two-generation responses to a once-every-two-generation emergency. They were designed to be, and have proven to be, temporary. There is no aspiration of any kind to change the private-sector basis of our economy.

Read more on Wall Street Journal

Suggest a correction