Thursday, September 25, 2008

Banking Expert: Bailout Not Necessary,Industry Can Take Loss

One of the premises of the bailout bill is that the banking industry must have government help to get back on its feet.A banking industry expert, Bert Ely, who has a stellar track record in predicting crises and calling false alarms says that the banking industry can handle this mess internally and does not need subsidies.

read more | digg story

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