Bernanke's bailout for Wall Street puts taxpayers at risk

Bailout Ben means well. He argues that saving banks is critical to the health of the broader economy, and he is using every tool at his command to prevent the credit markets from collapsing.

But so far, the Fed's actions have provided only short-lived boosts to Wall Street.

Ordinary folks haven't gotten much help at all, and may end up getting hurt. In addition to the risk that taxpayers could get stuck picking up the tab for Wall ... Full Story »

Posted by Louise Auerhahn

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Review

Kaizar Campwala
3.2
by Kaizar Campwala - Oct. 1, 2008

Goel discusses an issue that has been argued already in the the pages of the FT, Economist, and NYTimes to name a few. The argument for Fed intervention, moral hazard not-withstanding, is that letting Bear Sterns collapse would have taken a large chunk of a very network financial system with them. This could have caused a panic, which could have led to much deeper economic problems than what the nation faces today.

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Kaizar's Rating

Overall
3.2

Average
from 12 answers
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3.1
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4.0
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3.0
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3.0
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4.0
Style
3.0
Balance
2.0
Context
3.0
Popularity
3.5
Recommendation
3.0
Credibility
4.0
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