The coming US dollar crisis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Real Man who wrote (16729)	1/26/2009 9:51:20 PM
From: James Hutton	2 Recommendations Read Replies (1) of 71456

This is great. . . . "The concept of nationalization is quite foreign to Americans. Yet during the Asian financial crisis of the late 1990s the very economists who are discussing possible nationalization, among them Treasury nominee Tim Geithner and Obama adviser Lawrence Summers, told overseas governments they had to be willing to let major banks fail. "We told the Asians that they had to be willing to let banks and companies fail," Jeffrey Garten, a professor at the Yale School of Management, and former Clinton administration official, told The New York Times. "We warned that there was a great moral hazard if governments just bailed them out. And now, we are doing the polar opposite of our advice.""

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next