Markets Suffer as Investors Weigh Relentless Trouble

New York Times by Peter S. Goodman | Oct. 16, 2008 (News Report)

“The real concern that we have is that we have got and developed, in this country, a very serious ‘too big to fail’ problem,” Mr. Bernanke said. “And that problem, we’ve just recognized now in the current situation, how severe it is.”

It seemed a curious concern for a man whose central bank has worked with the Treasury to engineer a series of shotgun corporate weddings — deals that have further concentrated money in fewer hands. Full Story »

Posted by Chris Finnie

More Info

Tags Help
Subjects: U.S., Business
Topics: U.S. Economy, Finance
Editorial Help
Posted by: Posted by Chris Finnie - Oct 15, 2008 - 9:47 PM PDT
Reviewed by: Chris Finnie (review), Kaizar Campwala (review), Fabrice Florin (review), Bill Haslag (review)
Edit Lock: This story can be edited
Edited by: Kaizar Campwala - Oct 16, 2008 - 11:12 AM PDT

Reviews

Show All Comments
Show All | Notes | Comments | Quotes | Links
Chris Finnie
4.1
 by Chris Finnie - Oct. 15, 2008

I admit it, I posted the story because it says something I noted in a review weeks ago--actions by the Federal Reserve and Treasury department have further concentrated wealth, capital, and debt. In so doing, they've created even more financial institutions that are "too big to fail." Nice to know the Fed chairman agrees with me. I'd have been interested to know why he did it, in that case.

Chris posted this story.
See Full Review » (12 answers)
Fabrice Florin
3.5
 by Fabrice Florin - Oct. 16, 2008
See Full Review » (2 answers)
Kaizar Campwala
3.5
 by Kaizar Campwala - Oct. 16, 2008
See Full Review » (10 answers)
Bill Haslag
5.0
 by Bill Haslag - Oct. 16, 2008
See Full Review » (5 answers)

Comments on this story Help (BETA)

Sort by: Oldest | Newest Hide All Replies
NT Rating | My Rating

Ratings

4.1

Good
from 4 reviews (40% confidence)
Quality
4.2
Facts
4.7
Fairness
4.0
Information
4.3
Sourcing
4.0
Style
4.0
Context
3.5
Depth
3.0
Enterprise
3.0
Popularity
4.0
Recommendation
3.8
Credibility
4.5
# Reviews
2.0
# Views
5.0
# Likes
1.0
# Emails
1.0
More
How our ratings work »
(See these related stories.)

Links Help

  • Economic Fears Reignite Market Slump

    Wall Street Journal by Sudeep Reddy, Jennifer Saranow, Ann Zimmerman | Oct. 16, 2008 (News Report)
    () Evidence is mounting that the U.S. is likely to experience a far worse downturn than the 2001 or 1990-91 recessions. Job losses started at the beginning of this year but ...
    Posted by Kaizar Campwala
    3.3
     See Reviews »
    • Add a related link