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Economist: Bankruptcy is better than bailout
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Topic: Economist: Bankruptcy is better than bailout (Read 570 times)
loco
Getbig V
Posts: 19189
loco like a fox
Economist: Bankruptcy is better than bailout
«
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
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headhuntersix
Getbig V
Posts: 17271
Our forefathers would be shooting by now
Re: Economist: Bankruptcy is better than bailout
«
Reply #1 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.
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Economist: Bankruptcy is better than bailout