A rotten 'reform': Difference between revisions
Jump to navigation
Jump to search
Yaron Koren (talk | contribs) (Created page with '{{Item |author=Nicole Gelinas |source=New York Post |date=June 28, 2010 |url=http://www.nypost.com/p/news/opinion/opedcolumnists/rotten_reform_LOEzv2SW7w5JTWThXLIYHJ |quote="The ...') |
Yaron Koren (talk | contribs) No edit summary |
||
| Line 6: | Line 6: | ||
|quote="The obvious -- and correct -- way to end Wall Street rescues is to let a failed financial firm go ''bankrupt''. That is, the people who ''invested'' in a failed company -- including bondholders, people owed money on derivatives and other lenders -- should take the losses. Instead, Congress would "end" bailouts by directing the feds to rescue the creditors to any failed "too big to fail" financial company. Later, the feds would make the failed firm's ''competitors'' pay the cost." | |quote="The obvious -- and correct -- way to end Wall Street rescues is to let a failed financial firm go ''bankrupt''. That is, the people who ''invested'' in a failed company -- including bondholders, people owed money on derivatives and other lenders -- should take the losses. Instead, Congress would "end" bailouts by directing the feds to rescue the creditors to any failed "too big to fail" financial company. Later, the feds would make the failed firm's ''competitors'' pay the cost." | ||
}} | }} | ||
{{Opinion|Restoring American Financial Stability Act | {{Opinion|Restoring American Financial Stability Act|Act should be passed|against}} | ||
Latest revision as of 21:18, June 29, 2010
This is an opinion item.
| Author(s) | Nicole Gelinas | |||
|---|---|---|---|---|
| Source | New York Post | |||
| Date | June 28, 2010 | |||
| URL | http://www.nypost.com/p/news/opinion/opedcolumnists/rotten_reform_LOEzv2SW7w5JTWThXLIYHJ | |||
| Quote |
|
Add or change this opinion item's references
This item argues against the position Act should be passed on the topic Restoring American Financial Stability Act.