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September 22, 2008
Morning Links 09/22/2008
In his column "Cash for Trash" Paul Krugman is not happy with the $700 billion bailout because it doesn't address the problem and gives to much unchecked authority to the Secretary of the Treasury.
A stomach churning article from the New York Times explains how this weekend has been a lobbying bonanza for financial firms jockeying for all manner of opportunities now that Washington has become the financial capital of the world.
The Financial Times reports that Goldman Sachs and Morgan Stanley have become bank holding companies and the Federal Reserve is set to make loans to both companies.
Posted by Price at September 22, 2008 07:21 AM