Abstract

The Gentlemen's Bailout
April 7, 2008 issue

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The author offers opinions on the efforts of the U.S. Federal Reserve Board to manage the financial crisis created by the fall in housing prices. A double standard is seen. The board has taken unprecedented steps to rescue financial service firms in difficulty without requiring anything in return. At the same time, homeowners faced with the same crisis said to be receiving little or no help.

See Also:

EDITORIALS; FINANCIAL crises -- Government policy; UNITED States. Federal Reserve Board; BAILOUTS; FINANCIAL services industry -- Government policy; HOMEOWNERS -- Government policy; UNITED States
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