Tuesday, September 23, 2008

A Second Opinion?

Bob Herbert, Op-Ed Columnist for the NY Times wrote about the $700 billion financial bailout this morning, saying that we should be seeking a second opinion on how to solve this crisis.

"Yes, the system came perilously close to collapse last week and needs to be stabilized as quickly as possible. But we don’t know yet that King Henry’s fiat, his $700 billion solution, is the best solution. Like the complex mortgage-based instruments at the heart of this debacle, nobody has a real grasp yet of the vast implications of Mr. Paulson’s remedy."

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