Apropos of nothing, there's a new episode of "Intervention" on tonight - Reuters "
U.S. rescue efforts may risk double-dip recession": "
U.S. companies, consumers and communities may grow so addicted to government financial help that cutting them off could trigger another recession soon after the current one ends."
Golly, it would be just AWFUL if the economy righted itself, but not forever.
ReplyDeleteYou can never escape the Law of Unintended Consequences.
ReplyDeleteNever fear. Mr. Bernanke will make it all better.
ReplyDeleteBen Bernanke...scolded [AIG] for operating like a hedge fund and said that its bail-out made him “angry”. Mr Bernanke said that AIG made ”huge numbers of irresponsible bets” and that its investment vehicles lacked oversight.