Posted on 09/02/2009 5:48:45 AM PDT by STONEWALLS
Did they work?
With the financial meltdown finally contained and the Year of the Bailout drawing to a close, we can start to make some meaningful assessments about whether hundreds of corporate rescue packages did more harm than good. It's probably fair to say that aggressive government intervention in the economy, starting with the Bear Stearns bailout in March 2008, prevented a deeper collapse and maybe even a depression. But the government also erred on the side of doing too much and propped up some huge, mismanaged companies that would have, and perhaps should have, failed. To gauge the consequences of all the bailouts, I spoke recently with Barry Ritholtz, author of Bailout Nation and CEO of research firm FusionIQ. Excerpts:
(Excerpt) Read more at seekingalpha.com ...
I was a long term stockholder and took an $8000 hit....ouch!
I’m perplexed. So manyh conflicting claims. Were the bailouts supposed to have worked by now? I thought Zero said “one or two years”, or was that the amount of time he had before someone wrung his neck?
When Congress passed them!!
The day they were conceived
Great read - thanks for the post.
I traded C mid 2000 to 2002. Descending channel pattern was so easy to read. Made some good money doing that.
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