Biyernes, Abril 1, 2011

The Washington/Wall Street Axis Hasn't Changed

William Cohan, NYT
From the outset of the recent financial crisis, the government's often-haphazard response was motivated by an overarching desire to re-establish the status quo on Wall Street as quickly as possible.The thinking seemed to be that the sooner the surviving big banks got back on their feet and returned to providing the grease that keeps the wheels of capitalism churning, the sooner the broader economy beyond Manhattan would recover from its serious malaise and businesses would take the steps necessary to hire new workers — reducing a stubborn 10 percent unemployment rate...

Source: http://www.realclearpolitics.com/2011/04/01/the_washingtonwall_street_axis_hasn039t_changed_253027.html

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