No easy solution to federal bank crisis
As our political leaders fumble around trying to come up with a “solution” to the present financial situation, it is hard to resist making some observations and comments. First of all, the present problem is not due to failure of markets, but due to failure of government policy. Therefore, there is a great deal of doubt as to how good a solution the government will come up with to solve a problem they caused in the first place. And that leaves in question the viability of the $700 billion bailout of Wall Street.
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