Archive for November 13th, 2008
Paulson does the right thing, once again
13 November 2008As much as it scared the stock market yesterday, U.S. Treasury Secretary Hank Paulson was right to reneg on the proposed acquisition of “toxic” assets from U.S. banks. When the TARP proposal was passed by Congress, it was clear that the repercussions of what was to come had not be entirely factored into the [...]