Media Overlook Fed Bailout in Plain View
A Links entry from Tuesday, March 11, 2008Media Overlook Fed Bailout in Plain View
Dean Baker, writing for The American Prospect:
Can’t the media find any economists who don’t think that handing hundreds of billions of taxpayer dollars to the big banks and the incredibly rich people who own and manage them is a good idea? Apparently not, given the coverage so far to the Fed’s proposal to lend $200 billion to the banks using mortgage backed securities as collateral.
(Via A Tiny Revolution.)
Bryan Klausmeyer
bryklaus@umich.edu
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