Playing for time, praying for change
Last week, Fed Chairman Ben Bernanke said the bailout of Bear Stearns might've set a dangerous precedent. Allan Sloan from Fortune Magazine tells Scott Jagow why he calls the Fed's strategy "play and pray."
Allan Sloan is a senior editor-at-large at Fortune (APM)
Comments
Comment | Refresh
From Rochester, NY, 08/25/2008
I just love Allan Sloan. Not only is he fun to listen to but he's also so "right on." Or maybe it's the other way around -- not only is he "right on" but he's fun to listen to. Either way -- both ways -- I wish he were on every day.
But regarding his idea that all the execs who created these messes be stripped of their fortunes, branded, and exiled I think he's being way too kind. I'd find a way to put them in a real prison -- not Club Fed -- and let them share a cell with a 300 lb. paranoid schizophrenic. Now THAT'S my idea of deterrence!
From Rochester, NY, 08/25/2008
I just love Allan Sloan. Not only is he fun to listen to but he's also so "right on." Or maybe it's the other way around -- not only is he "right on" but he's fun to listen to. Either way -- both ways -- I wish he were on every day.
But regarding his idea that all the execs who created these messes be stripped of their fortunes, branded, and exiled I think he's being way too kind. I'd find a way to put them in a real prison -- not Club Fed -- and let them share a cell with a 300 lb. paranoid schizophrenic. Now THAT'S my idea of deterrence!
Post a Comment: Please be civil, brief and relevant.
Email addresses are never displayed, but they are required to confirm your comments. All comments are moderated. Marketplace reserves the right to edit any comments on this site and to read them on the air if they are extra-interesting. Please read the Comment Guidelines before posting.
You must be 13 or over to submit information to American Public Media. The information entered into this form will not be used to send unsolicited email and will not be sold to a third party. For more information see Terms and Conditions and Privacy Policy.