The Problem With Bail-Outs
Whether or not any of us thinks that bail-outs can be justified in principle, in practice they tend at best to reinforce poor management, and at worst they even reward it.
Whether or not any of us thinks that bail-outs can be justified in principle, in practice they tend at best to reinforce poor management, and at worst they even reward it.
Charlie Cray | Posted 04.19.2009 | Business
The idea is to fix the banking system, not the banks. Those who got us into the tar-pit of securitization of course cannot get us out.
Raymond J. Learsy | Posted 04.05.2009 | Business
It is past time that a distinction be made between that part of AIG's business that was a "large and stable insurance company," and that part that was a "hedge fund," or better put, a casino.
Joseph A. Palermo | Posted 03.06.2009 | Politics
The day will come when Obama will have no choice but to remind the giant corporations through tough government action that the U.S. is not just another one of their wholly owned subsidiaries.
Stephen Herrington | Posted 11.01.2008 | Home
The Republican House plan would be a government bailout with the prospect that bank contributions would cover the costs over time. But those contributions will not come out of bank profits but will be passed on to consumers, further adding to the costs of credit.
Rick Siegel | Posted 10.25.2008 | Home
In the end my bank chose to make some money instead of demanding all the money and ending up with a loser. The country might benefit if somebody, even somebody called a regulator, went in and made every bank offer a similar solution to their customers, devaluing the profit of the loan instead of the value of the house.
Harry Fuller | Posted 10.23.2008 | Business
We have pauperized our nation, most especially our government. The American dollar is looking more and more like a xeroxed hand-out.
Michelle Kraus | Posted 10.20.2008 | Green
The Administration in its swan song performance is still holding us captive to fossil fuel. This stranglehold sadly has devastated the once vibrant US...
Nick Jefferson | Posted 11.22.2009 | Business