18.11.2008, 21:54
Zitat:Op-Ed Contributor
Fighting the Financial Crisis, One Challenge at a Time
By HENRY M. PAULSON Jr.
Published: November 17, 2008
Washington
WE are going through a financial crisis more severe and unpredictable than any in our lifetimes. We have seen the failures, or the equivalent of failures, of Bear Stearns, IndyMac, Lehman Brothers, Washington Mutual, Wachovia, Fannie Mae, Freddie Mac and the American International Group. Each of these failures would be tremendously consequential in its own right. But we faced them in succession, as our financial system seized up and severely damaged the economy.
By September, the government faced a systemwide crisis. After months of making the most of the authority we already had, we asked Congress for a comprehensive rescue package so we could stabilize our financial system and minimize further damage to our economy.
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I am confident of success, because our economy is flexible and resilient, rooted in the entrepreneurial spirit and productivity of the American people.
Quelle:
http://www.nytimes.com/2008/11/18/opinio...ulson.html
Insbesondere im letzten Satz manifestiert sich ein Zweckoptimismus, den man nicht zu 100% teilen muss. Allerdings muss man auch sehen, dass hier der derzeitige US-Finanzminister Paulson seine politisch gefärbte Meinung zum Besten gibt...
Ein bissel anders dagegen der immer kritische Herr Stiglitz...
Zitat: The Seven Deadly Deficits
NEWS: What the Bush years really cost us, and how President Obama can get the economy back on track.
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Now we know: far more than the worst pessimists could have imagined. From the war in Iraq to the collapse of the credit markets, the financial losses are difficult to fathom. And behind those losses lie even greater missed opportunities.
Put it all together—the money squandered on the war, the money wasted on a housing pyramid scheme that impoverished the nation and enriched a few, and the money lost because of the recession—and the gap between what we could have produced and what we did produce will easily exceed $1.5 trillion. Think what that kind of money could have done to provide health care for the uninsured, to improve our education system, to build green technology...The list is endless.
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Quelle:
http://www.motherjones.com/news/feature/...icits.html