TITLE

Give Us All Your Money

AUTHOR(S)
Theil, Stefan
PUB. DATE
October 2010
SOURCE
Newsweek (Atlantic Edition);10/11/2010 (Atlantic Edition), Vol. 156 Issue 15, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the bailout of U.S. and European banks and their investors. It alleges that as of October 2011, this bailout is the third since the 2008 downfall of the Lehman Brothers. It discusses the ongoing bailout resulting from the near-zero interest rates that transfer money from savers to banks and their investors, with the author arguing that this kind of financial rescue delays the restructuring of the financial sector and slows down global economic recovery.
ACCESSION #
60312847

 

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