Commentary: Government had hand in financial meltdown
Writing in a Wall Street Journal commentary, Charles Gasparino says reporters overlooked the role government had in fueling the financial crisis that peaked a year ago with the collapse of Lehman Brothers. "I guess reporters think writing about greedy investment bankers is more interesting," said legendary investor Ted Forstmann, who was interviewed by Gasparino, a CNBC on-air editor and author. "They (the government) just throw money at the problem every time Wall Street gets in trouble. It starts out when they have a cold and it builds until the risk-taking leads to cancer," Forstmann said.
Wall Street Journal, The | 11/05
This story published in Fidelity Public Policy SmartBrief on 11/06/2009
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