Tuesday, March 18, 2008

Bear Stearns' Bailout: The US Is Now Officially On The Road To Becoming "Bailout Nation"

The Federal Reserve’s actions to bail out Bear Stearns have far reaching implications for all investors and taxpayers. Two well-respected columnists at the New York Times – business reporter Gretchen Morgenson and Op-Ed columnist and Princeton economist Paul Krugman – have strongly criticized the Federal Reserve’s decision to bail out Bear Stearns.

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