The Obama-Biden and McCain-Palin Financial Answers »
Posted By poolparty 1 year, 2 months ago in NewsIn the usual cyclical financial crisis that rears its head every 3-4 years, the private sector comes together to bailout or acquire the weak sister in the financial system and it involves no public funds.
The disgraceful debacle that transpired under the Bush administration relied extensively on public funds and public risk when private consortiums could not raise sufficient capital to save key players in the market. The Fed and the Treasury normally orchestrate private solutions because it is understood that the primary beneficiaries of such plans are the private firms themselves. Since the Bear Stearns bailout was underwritten by the public, private firms are less willing to do that without a public guarantee.
Read Full Story at poolparty.com »
129 Views Share Story 0 Comments Report
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.