What Should Uncle Sam Do?
Newsweek, July, 2008
NEWSWEEK’s Business Roundtable takes stock of the real damage—and offer solutions to the economic crisis.
A Modest Proposal
Robert Reich, secretary of Labor under Bill Clinton, and author of “Supercapitalism: The Transformation of Business, Democracy, and Everyday Life”
Of course Fannie and Freddie are getting bailed out. They’re Bear Stearns to the 10th degree—way too big to fail, especially with the rest of the Street in turmoil. And of course taxpayers get stuck with the tab.
What worries me is the complete lack of accountability by Fannie’s and Freddie’s executives, as well as Wall Street investment bankers also now being insured by taxpayers. We’ve created the worst form of socialized capitalism—private gains combined with public losses....
Most Recent Reference Articles
- ARAB EUROPEAN RELATIONS - Dec 22 - Russia Denies Selling Missile System To Iran
- EGYPT - Dec 29 - Opposition Says Mubarak Blessed Israeli Attacks
- ARAB AFFAIRS - Dec 22 - Syria Will Eventually Move To Direct Talks With Israel
- ARAB AFFAIRS - Dec 30 - GCC Denounces Massacre
- ARAB ISRAELI RELATIONS - Israel Issues An Appeal To Palestinians In Gaza
Most Recent Reference Publications
Most Popular Reference Articles
- How Tyler Perry rose from homelessness to a $5 million mansion
- The Greek chorus, Jimmy the Greek got it wrong but so did his critics - Jimmy Snyder and his views on pro sports and race
- 9 questions to ask your new lover: what you were afraid to ask, but always wanted to know
- Vickie Winans: at home with the gospel star who lost 75 pounds and reenergized her career
- Free Sex Change? Move To Idaho - Brief Article
