Financial Times
Two reminders of the age-old debate over the merits of equities versus bonds emerged almost simultaneously in recent days.
Financial Times
Two reminders of the age-old debate over the merits of equities versus bonds emerged almost simultaneously in recent days.
New York Times
WHEN Mitt Romney takes the podium at Ford Field in Detroit today, he’s likely to include yet another sharp denunciation of the government’s rescue of General Motors and Chrysler.
Financial Times
Amid the finger-pointing about the failures of capitalism, we should not forget the responsibility of governments. They relaxed regulatory requirements, turned a blind eye to dangerous activities and indulged in their own excesses. Capitalism is like an energetic child who needs boundaries and discipline. If a toddler accidentally sets his home on fire, it is the parents who bear the blame. “Capitalism in crisis” could easily be subtitled “government in crisis”.
“[a] surprisingly modest account…Rattner has a journalistic talent for the telling detail, resulting in a memorable tale of life in the middle of the economic meltdown...Rattner deftly draws portraits of the inhabitants of "the Oval" and the West Wing...Rattner has proved himself a gifted chronicler.”
-Time Magazine
