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Text size [+][-]  Thursday March 18 2010GLOBAL EDITION

Considered view
19 Sep 2008 17:22

Trust but verify

Context News

Hank Paulson, secretary of the US Treasury, said on September 19 he had briefed US lawmakers on “a comprehensive approach to relieving the stresses on our financial institutions and markets".

 

Friday’s money market fund bailout, and the Treasury secretary’s giant plan to help banks, look like overreach by the former Goldman banker. Sure, few would relish politicians leading market intervention. But it’s taxpayers’ money, and Congress should keep him under control.

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More stories by:  Richard Beales






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