Fiddling while Wall St burns
In spite of all of [Henry Paulson] and US Reserve governor Ben Bernanke's efforts, this has not been properly understood. It's complex, it's difficult for ordinary voters, taxpayers. Even if the congressmen understood the reality -- and perhaps they don't because the [Bill] doesn...
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| Published in | Herald-Sun news-pictorial |
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| Main Author | |
| Format | Newspaper Article |
| Language | English |
| Published |
Melbourne, Vic
Nationwide News Pty Ltd
01.10.2008
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| Online Access | Get full text |
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| Summary: | In spite of all of [Henry Paulson] and US Reserve governor Ben Bernanke's efforts, this has not been properly understood. It's complex, it's difficult for ordinary voters, taxpayers. Even if the congressmen understood the reality -- and perhaps they don't because the [Bill] doesn't detail the financial mechanism sufficiently -- they would fear a voter backlash. Taxpayers don't want to bail out the banks or the big departure packages of bank bosses. That wouldn't happen, but many voters don't believe it. |
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| ISSN: | 1038-3433 |