Business Services Industry
Floyd Norris, Robert Barbera Discuss the U.S. Economy; Interview With Author Philip Pullman
Finance Wire, January, 2008
CHARLIE ROSE, HOST: Welcome to the broadcast. The question is tonight, are we heading into a recession? Or are we already there? We`ll talk about the economy with Floyd Norris of "The New York Times" and Robert Barbera, an economist.
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FLOYD NORRIS, "NEW Y ORK TIMES": If I decide whether to lend you money, but figure it`s not my problem if you give it back, but I will get a bonus if I lend it -- there`s a good chance that I`m going to lend money I shouldn`t lend. And that`s what happened. A lot of money went out to risky borrowers, and a ...
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