Daily Archives: 13 December 2008

Why the bailout plan will fail

The current bailout plan will fail–all of it–because it relies on one specific element to be true to succeed: the good intentions and will of the people running the companies that receive the bailout. FoxNews is reporting the latest reason we should all be skeptical of that good intention and will in the form of the arrest of Bernard Madoff, former NASDAQ chairman and, apparently, swindler who may have cost his “investors” as much as $50 billion. […] Continue reading

Posted in Economy, News, Society, Worldview Item of the Day | Tagged , , , | 2 Comments