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This page contains all of the posts and discussion on MemeStreams referencing the following web page: Rescue or Waste?: Why the bailout isn't working - Reason Magazine. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

Rescue or Waste?: Why the bailout isn't working - Reason Magazine
by Lost at 10:01 pm EDT, Oct 10, 2008

But if a stock market's performance is the test of a policy, this one has failed. At best, the passage of the measure did no evident good. At worst, it backfired.

Harvard economist Jeffrey Miron suspects the latter. "The bailout approach will generate uncertainty about what's going to happen," he told me. "It's quite plausible that it has not calmed markets because no one knows what it means."


 
RE: Rescue or Waste?: Why the bailout isn't working - Reason Magazine
by dc0de at 8:41 pm EDT, Oct 11, 2008

Jello wrote:

But if a stock market's performance is the test of a policy, this one has failed. At best, the passage of the measure did no evident good. At worst, it backfired.

Harvard economist Jeffrey Miron suspects the latter. "The bailout approach will generate uncertainty about what's going to happen," he told me. "It's quite plausible that it has not calmed markets because no one knows what it means."

The "bailout" has simply added the Government to the bottom line, a kind of Nationalization of debt incurred by the wrongdoings of major financial players on Wall Street. The only thing that we don't have here is anyone who is going to jail for it.


 
 
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