Analysis: Government intervention lacks staying power

09/10/2008 | Wall Street Journal (free content), The

The U.S. government has repeatedly intervened in financial markets over the past year, but with each intervention, the positive impact on the markets seems to diminish. The stock markets rallied for one day after the announcement of rescue plans for Fannie Mae and Freddie Mac. "Lehman's plunging stock price, just days after the Fannie-Freddie rescue, suggests investors may finally realize Uncle Sam won't or can't solve all of Wall Street's problems," writes The Wall Street Journal's Mark Gongloff.

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