Follow Newser on Twitter   Friend Newser on Facebook
Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook

We Don't Really Need a Bailout

With investment banks dead, the point of this is ... what, exactly?

By Kevin Spak,  Newser Staff

Posted Sep 25, 2008 1:22 PM CDT

(Newser) – Now that all the big investment firms are no more, why exactly do we need a bailout? Paulson’s plan involves buying assets that are illiquid, but not worthless. “But regular banks hold assets like that all the time,” writes James Galbraith in...   Read full story »

COMMENTS
You need to Log in to Newser to comment. Don't have an account yet? Sign up now!
There are no comments
A snapshot of the day's best news stories.
 

More Newser Stories

Paulson to Banks: Do It for Your Country

Be Very Afraid: Goldman Sachs Is Smiling

'Bad Bank' for Toxic Assets Among Feds' TARP Options

Obama Stimulus Plan Balloons to $500B

FDIC Pushes Plan to Ease Mortgage Payments


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   Timelines   |   Geek Sugar   |   Business Insider   |   HuffPost Entertainment