Monday, February 23, 2009

Recordatorio del dia

"Banks, at least the behemoths, were public-private partnerships before the crisis. Deposit insurance, access to the Fed's lending, and the implicit (now explicit) government guarantee for banks "too big to fail" all constituted a system of financial corporatism. It must be ended not extended."

GERALD P. O'DRISCOLL JR en el Wall Street Journal