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He said concerns about "moral hazard" - stoked by hard-line free-marketeers at the White House and vocal parts of the US media - were holding up a solution [for
by dpapathanasiou 18y ago
He said concerns about "moral hazard" - stoked by hard-line free-marketeers at the White House and vocal parts of the US media - were holding up a solution [for Fannie Mae and Freddie Mac]
Not so - the reason Paulson's plan hasn't been finalized is that Congressmen from both parties don't want to give the Treasury a blank check (http://www.bloomberg.com/apps/news?pid=20601087&sid=aOdJXrCFogzI&refer=home http://www.bloomberg.com/apps/news?pid=20601087&sid=aOdJ...).
- gills 18y agoHere are prepared remarks from one senator who has some brass. http://bunning.senate.gov/public/index.cfm?FuseAction=NewsCenter.NewsReleases&ContentRecord_id=2753fd62-c45e-4a40-5ca8-66fa83d52a00 http://bunning.senate.gov/public/index.cfm?FuseAction=NewsCe...
- dpapathanasiou 18y agoThat just reinforces what the guy quoted in the Telegraph said. My point, though, was the reason for inaction on Paulson's plan is due to something else entirely, and it was a bad job of the Telegraph article to miss it.