Depositors should be protected, but shareholders may have to take their losses.
What are the implications, then, for us in doing that?
this is very, very much a foreign policy issue, and the President's budget is, I believe, destabilizing to the global financial system.
Clearly one of the dilemmas that it presents, in whatever size, is--at least some of our staff have come up with the thought that $3.1 trill...
Is it already the case that many countries, including our own, taking a look at their own problems, in terms of jobs, have become more prote...
We need a careful triage of financial entities to determine which ones can stand on their own, which could become healthy with a reasonable ...
Our budget is not just a domestic issue, it is very much a foreign issue.
Banks that are insolvent should be either liquidated or, in some cases, merged with other banks.
But progress in Iraq remains very vulnerable to political rivalry, outside interference, and the slow pace of economic reconstruction.
We have borrowed about $700 of that $2,650, which leaves us with $1 trillion $950 billion more to borrow in the next 6 months.
I am hopeful that, as this plan is implemented, the U.S. Government will be judicious about sinking taxpayer money into banks and corporatio...