Nehemia Shtrasler: ANALYSIS: U.S. economy in crisis as it pays price for greed
Talkback
Title: #7 - Mark Lincoln Name: JES City: State: Israel
Problem is, the government didn`t protect Bear Stern`s (that is, it`s shareholders) against market forces. Rather, the bank was acquired for a small fraction of its worth. Funny, I didn`t hear such arguments 30 years ago when the government was asked to bail out Chrysler to avoid putting its thousands of unionized workers out of work. Seems there`s a different ethic at work when the workers are college-educated brokers.