Monday, September 22, 2008

Will the bailout package help?

It is good that US government is toying with the idea of having a bailout package for banks. People are apprehensive about the good this move will make. Before making hasty moves to rejuvenate the US economy, the government should make a complete estimate of the quantum of demage caused by sub-prime crisis. 

Without proper estimate of the demage, no corrective action can bring the economy out of tail spin. It is foolish on government's part to waste tax-payers' dollars on the hasty moves.

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