Big misunderstanding
15 May 2014
Email
Share
The former U.S. Fed chair says the inevitable rescue of financial behemoths means government debt is understated. That ignores the tidy profit taxpayers made from saving Wall Street’s hide. Regulators deserve a lot more credit for limiting likely losses in future crises.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.