How much longer will our government keep avoiding the issue?
Liz Peek | 10/01/2010 11:00 am
If credit markets were to seize up tomorrow, threatening to topple a large bank, could the government jump in to perform mouth-to-mouth? The answer is no. Despite much celebration that the new financial bill would preclude another Lehman-like failure, regulators are struggling to figure out just how the darn thing should work. Like nearly all the recipes in the giant bill’s new cookbook, it was left to numerous competing agencies to produce the actual ingredients that might be needed. According to a piece in the Wall Street Journal, the FDIC ...
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