Should adding jobs trump reviving credit markets?

03/20/2009 | Reuters

The U.S. government's economic rescue plan is largely based on a revival of securitization, but some economists say creating jobs is a better, simpler way to boost the economy. "We need to get jobs and incomes flowing, not credit," said Randall Wray of the Center for Full Employment and Price Stability. Securitization defenders, however, say that done right, the process is beneficial. "There's nothing wrong with securitization per se," said Eugene White, an economics professor at Rutgers University. "The problem emerged because of these 'exotic' developments whereby the owner of the final product had no clue as to the underlying assets."

View Full Article in:

Reuters

Published in Brief:

SmartBrief Job Listings for Business

Job Title Company Location
Human Resource Director
Confidential
Salt Lake City, UT