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.
Showing posts with label bailout. Show all posts
Showing posts with label bailout. Show all posts
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.
Subscribe to:
Posts (Atom)