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Sunday, October 5, 2008

The mother of all golden parachutes

The mother of all golden parachutes
As US politicians reconsider Treasury Secretary Henry Paulson's financial bailout plan they should recognize it will do little to disperse the financial and economic clouds hanging over the world. It will instead allow banks to make huge riskless profits, while for others it is now impossible to make any sound investment decision in an environment propitious only for speculation. - Hossein Askari and Noureddine Krichene (Oct 3, '08)
http://www.atimes.com/atimes/Global_Economy/JJ04Dj03.html

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