Financial crisis caused by government?

5 10 2008

Yes, according to this article in the Boston Globe. And Barney Frank, who has been blaming Wall Street, appears to be one of the main culprits. I mean if questions were being raised, and Sen. Frank was obstructing a review of the situation by his statements that everything was OK, then he is really being disingenuous by now saying that it’s all the market’s fault.

The next question is whether this change in responsibility from the financial market to the government makes any difference in whether the bail out makes any sense or not.

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