Feb 12
Unhelpful Advice
by Paul Sherer
Category: Public Affairs
Maureen Dowd’s column Wednesday (”The pay of all the employees in bailed-out banks, not just top executives, should be capped,” http://sn.im/bqog9) reminds us why nationalization of banks is a terrible idea. Dowd may be the acknowledged authority on Hillary Clinton’s pantsuits, but when and where did she learn how to run a bank? The last thing private businesses need are potshots from political columnists accustomed to covering the fact-lite world of politics. By accepting government money (in some cases against their will), financial institutions have opened themselves to second-guessing on all their business and investment decisions.
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February 16th, 2009 at 9:27 am
Hi! Thank you for this post. Actually, I’m not very familiar with this topic but after reading your post, it’s clear now! Keep up the good posts like this. Take care!