Complex financial system requires complicated fixes ... and lots of patience
(NEWSER) - With various factions blaming a single factor—and pushing a single solution—for the financial crisis, Steven Pearlstein of the Washington Post cautions that there won’t be a silver bullet. Reducing foreclosures, removing toxic assets, and nationalizing banks will all come into play; meantime, we must “resist the fetching idea that there is a simple, quick and relatively painless way to put a complex financial system back together again.” More»
