Financial Russian Roulette

Paul Krugman on today’s Wall Street news:

For example, today much of the Fed’s portfolio is tied up in loans backed by dubious collateral. Also, officials are worried that their rescue efforts will encourage even more risky behavior in the future. After all, it’s starting to look as if the rule is heads you win, tails the taxpayers lose.

Monday, 15 September 2008

Ads via The Deck Ads via The Deck