All Commentary
Friday, March 5, 2010

No More Bailout Promises, Official Says


“A senior Treasury Department official overseeing the financial bailout told a congressional panel Thursday that the government is not providing a blanket guarantee that it will save institutions deemed too big to fail.” (Washington Post, Friday)

Can we really believe it?

FEE Timely Classic
“Banking Without the Too-Big-to-Fail Doctrine” by Richard M. Salsman