Tuesday, 16 September 2008

The wisdom of bailouts

Alex Tabarrok at Marginal Revolution on the subject of the The Wisdom of Bailouts,
Thanks goodness we bailed out Bear Stearns back in March if we hadn't we might have lost Fannie Mae and Freddie Mac, Lehman Brothers, Merrill Lynch and who knows what else. Oh wait...
Well said that man.

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