Bear Stearns is a private business…isn’t it?
March 28, 2008, 12:44 pm
Filed under: Economy | Tags: bear stearns, economics, Economy, finance, government, investment bank, liberty
Filed under: Economy | Tags: bear stearns, economics, Economy, finance, government, investment bank, liberty
It seems that with every passing day we hear more bad news about our economy. Weak GDP reports, low consumer sentiment, and low consumer spending have become the norm lately. And then it happened. Bear Stearns, the nation’s fifth largest investment bank, collapsed. What does the government do? They step in and keep this private business from completely failing by financing it’s buyout. Does this not bother anyone else? (more…)
Leave a Comment
