TITLE

Dear Wall Street: you've got bail!

PUB. DATE
September 2008
SOURCE
ICIS Chemical Business;9/29/2008, Vol. 274 Issue 12, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
The author offers his insights on the U.S. government's $700 billion bailout package to help collapsing banks battle the credit crisis in 2008. He remarks that the bailout package wears out any pretense about a free market capitalist system. He notes that the bailout offers stabilized economy prospects and increased liquidity to fund mergers and capital projects for the chemical industry. However, he believes the bailout would be inflationary and will put upward pressure on commodity prices.
ACCESSION #
34965468

 

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