Word: questioned
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...banking system needs capital. Now. So it makes sense for Treasury to address the problem directly. How much? Good question. Will it work? "It should help," says Kashyap. "The question is, Do they execute in a way that doesn't botch it? They've finally bitten the bullet; now they've got a chance to succeed...
...Bailout Fallout This notion of a government bailout is not a question of liberal vs. conservative but one of right or wrong [Oct. 6]. This one is wrong. The burden will fall on the people who need this money much more than greedy executives do. The executives should go down, just as any of us would have to. I realize the economic implications, but this country was built on sacrifice, and we may have to sacrifice again. Nicholas Gamba, Sayreville, New Jersey...
...amazes me that nobody seems to have asked the simple question, "What will happen to banks and other financial institutions if a large number of subprime loans default?" Or was it only greed that made everyone ignore the disaster that would occur if the markets went south? Frederik Steenbuch, Oslo...
...possibility of losing our homes because of this greed and corruption. Is the government going to bail us out? No. Many of us have tried making a living by starting our own businesses. Many of us failed. Will the government bail us out? No. This is not a question of liberal vs. conservative but of right vs. wrong. The failing institutions should be allowed to go down, just as any small business would have to do. Nicholas Gamba, Neptune, New Jersey...
...gloom descends, one question is starting to make the rounds - a question that London hasn't really asked itself before: Did the City become too successful for its own good? The increasing dependence on financial services has brought in fabulous wealth in the past 15 years, but it has also left the British capital at the mercy of the ups and downs of the moneymen. As finance has soared as a proportion of the local economy, it has eclipsed other sectors. London was once a major center for industry, for example, but manufacturing now accounts for just...