08 November 2007
Morgan Stanley Takes $3.7 Billion Writedown
Another brokerage with massive losses.
The problem is that for the past 30 years, due to deregulation, these entities have become too big for the government to allow them to fail, so we will all pay for it.
The problem is that for the past 30 years, due to deregulation, these entities have become too big for the government to allow them to fail, so we will all pay for it.
Labels:
bubble
,
Corruption
,
Economy
0 comments :
Post a Comment