Commentary: Government's move could create other issues

09/9/2008 | Wall Street Journal, The

Columnist Mark Gongloff said that the U.S. might have sidestepped a financial disaster with the government's decision to rescue struggling mortgage companies Fannie Mae and Freddie Mac, but other problems might emerge from the move. Gongloff suggested that in the short term, other troubled industries may argue that the government should intervene to help them and foreign governments may decide to step into their own struggling markets. "The potential longer-term consequences may be more troubling," he wrote.

View Full Article in:

Wall Street Journal, The

Published in Brief: