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The Bailout's Biggest Flaw.
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- Author(s): Fox, Justin
- Source:
TIME Magazine. 9/28/2009, Vol. 174 Issue 12, p44-45. 2p. 1 Color Photograph.
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- Additional Information
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- Abstract:
The article discusses the U.S. government bailout of financial companies after Lehman Brothers filed for protection under the U.S. bankruptcy laws. It discusses lessons learned including the fragility of the global financial network, the ability of the U.S. to respond to such financial problems, and the lack of evidence that the government can bolster the financial system against systematic failures in the future.
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