12 November 2008

What should not be done to "help" the economic situation

Economist's View: Fed Watch: Misguided Policies
Portfolio.com: Reasons to Bail Out GM

My summary/oversimplification (ie still read the articles):
Don't artificially support the housing market, consumer credit; build infrastructure. Bail out GM only if its current management is removed (preferable violently . . . jk), and its stockholders/bondholders don't make anything off the deal.

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