TITLE

Slow the Bailout Mo

AUTHOR(S)
J. M. C.
PUB. DATE
October 2008
SOURCE
Progressive Populist;Oct2008, Vol. 14 Issue 18, p2
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The author reflects on the U.S. government bailout of mortgage companies Fannie Mae and Freddie Mac and the deregulation of financial systems in Clinton administration. He notes the opposition of the banking and securities industry in the plan of Democratic Congressional leaders to give the government equity for buying bad assets. The author suggests that taxpayers will be minimally affected in the bailout by following Bernie Sanders' proposal of five-year of %10 surtax on individual income.
ACCESSION #
35783206

 

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