On Apr 22, 2008, at 9:20 AM, Doug Henwood wrote:
And the government - which means governments worldwide, I'm guessing - have been intervening in financial crises for 30 years at least. This isn't controversial anywhere except among the nuttier Austrians. In fact, the saying on Wall Street in the 90s was "bailouts are bullish." They love 'em.
And I should have also said: what's controversial is whether it's going to work this time. That's not clear yet.
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