Trust Me
Sep 23rd, 2008 | By David Harper | Category: OpinionThe New York Times Editorial: The nation’s financial mess was caused to a great degree by a culture of lax regulation and even less oversight, in which ordinary Americans were told to trust the government and Wall Street to do the right thing.
President Bush’s proposed solution, which he wants Congress to authorize immediately, tells taxpayers to write a check for $700 billion and trust the government and Wall Street to do the right thing — with inadequate regulation and virtually no oversight.