Monday, October 6, 2008

Bailout for the Little People?

I don't normally agree with conservative Ben Stein, but in a conversation on NPR's On Point last week, he was making a lot of sense. Like the bailout plan should be directed at the people who can't afford their mortgages rather than at the "masters of the universe" at the top who made the mess in the first place.

Charles Calomiris, professor of financial institutions at the Columbia University Graduate School of Business, pretty much felt the same way

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