Tuesday, 26 February 2008

Just say no to the bailout

"Our job is not to bail out imprudent decisionmakers or errant bankers, nor is it to directly support the stock market or to somehow make whole those money managers, financial engineers and real estate speculators who got it wrong. And it most definitely is not to err on the side of Wall Street at the expense of Main Street."

Richard Fisher, head of the Reserve Bank of Dallas

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