Archive for April, 2008
The Story:
from the Wall Street Journal:
Ten Days That Changed Capitalism
By DAVID WESSEL
March 27, 2008
The past 10 days will be remembered as the time the U.S. government discarded a half-century of rules to save American financial capitalism from collapse.
On the Richter scale of government activism, the government’s recent actions don’t (yet) register at FDR levels. They [...]
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Tags: 1933 Glass-Steagall Act, Bank Holding Act, Bear Stearns, Ben Bernanke, Black Monday, business, Citigroup, deregulation, economy, FDIC, Federal Deficit, Federal Reserve, free market, George Bush, Gramm-Leach-Bliley Financial Services Modernization Act, Great Depression, Hedge Funds, investment banking, John McCain’s presidential campaign, JP Morgan, mortgage lenders, Neil Bush, New Deal, news, politics, Reagan Revolution, Robert Kuttner, Silverado Savings and Loan, Wall Street
