Foundation for Economic Education » Obama Plan Preserves Bailout Option

Obama Plan Preserves Bailout Option

Posted By Sheldon Richman

“Paul A. Volcker, a top White House economic adviser, said Thursday that the Obama administration’s proposed overhaul of financial rules would preserve the policy of ‘too big to fail’ and could lead to future banking bailouts.” (New York Times ^[1], Friday)

Meet the new boss …

FEE Timely Classic
“Too Big to Fail” ^[2] by Michael Heberling

Article printed from Foundation for Economic Education: http://www.fee.org

URL to article: http://www.fee.org/articles/in-brief/obama-plan-preserves-bailout-option/

URLs in this post:

[1] New York Times: http://www.nytimes.com/2009/09/25/business/economy/25regulate.html?ref=todayspaper

[2] “Too Big to Fail”: http://www.thefreemanonline.org/featured/too-big-to-fail/

Click here to print.