Word: bankses
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Geithner and the Obama administration have much stake in the public-private partnership program. It is key to getting banks working again, which makes it an essential element in any economic recovery.
Such differing agendas help explain the unseemly bickering of the past couple weeks. Continental Europeans, with sounder banks and less fiscal room for maneuver, are rejecting U.S. calls to spend more; the U.S. and Britain, anxious not to kill off laissez-faire capitalism, are reluctant to cede to European demands...
Address the anger. The public is mad about having to bail out the financial institutions who got the world into this mess - and the recent revelations about payouts to fat-cat executives at AIG, RBS and elsewhere are stoking the anger. It's time for some symbolic action. One suggestion...
Immediate financial fixes. Central banks and financial technocrats are moving to end some of the more flagrant abuses and rethink the financial system's rules - but, inevitably, that is a slow and painstaking task. London needs to serve up some quicker fixes. One suggestion: an immediate ban on opaque off...
Cash-poor, time-rich volunteers like Anglesea have every right to believe that what they are doing is just as valuable as handing over cash. Indeed, the charity world puts a cash value on volunteers' time--$19.51 an hour, estimates Independent Sector, a think tank for charities. But food banks...