TIME: Let Risk-Taking Financial Institutions Fail

Quicklink submitted by Meryl Ann Butler     Permalink
Related Topic(s): ; ; , Add Tags

View Ratings | Rate It

opednews.com

Become a Fan
  (73 fans)
In plain English: The government should not intervene. It should leave overleveraged financial institutions to default on their derivatives obligations and, if necessary, file for bankruptcy. Much of the crisis has arisen from miscalculating the risks involved in a large book of positions in these derivatives. It is only logical that these institutions pay for their poor management.

Read the rest of the story HERE:

At www.time.com

- Advertisement -
- Advertisement -

 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments