Greetings Economists,
On Oct 1, 2008, at 8:57 AM, Doug Henwood wrote:
Besides, the history of banking crises and interventions around the
world shows that the longer you wait, the more expensive the bailout
becomes, and the worse the economic damage.
Doyle;
How long to wait? Two weeks? One Month? One day, which one brings
on collapse?
In my view an equity injection is better than a give away to the
banks. Many banks have lots of money and won't spend the money to
issue loans now. Do we rush to judgement when political support for a
better deal is possible?
Doyle
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