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Getbig Main Boards => Politics and Political Issues Board => Topic started by: loco on September 29, 2008, 02:43:02 PM

Title: Economist: Bankruptcy is better than bailout
Post by: loco on September 29, 2008, 02:43:02 PM

Story Highlights

Jeffrey Miron: Government encouraged lenders to relax their standards

Mortgages were given to people unqualified to repay them, he says

Miron: Rather than a bailout, government should let firms go bankrupt

Talk of economic Armageddon is scare-mongering, Miron says

http://www.cnn.com/2008/POLITICS/09/29/miron.bailout/index.html

Title: Re: Economist: Bankruptcy is better than bailout
Post by: headhuntersix on September 29, 2008, 02:49:46 PM

I read this one too, he may be right. He is certainly right about the first two.