Tuesday, December 30, 2008

Crisis Is A Failure Of Government Intervention

Caroline Baum has a good column where she points out how the crisis was the result of government fixing the price of short-term loans and bailing out bad financial companies. And that despite all the talk of deregulation, the small army of regulators overseeing banks now has failed to stop the problems.

1 Comments:

Anonymous AlRich said...

Nice blog article. Yes, i do agree. Financial crisis is coming on our way and yet it's getting worst now. We cannot even see the government work out for it to be resolved. Proper financial management is the key answer for this problem. But of course they have to take into account Debt Relief related issues.

8:42 PM  

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