Subprime Government?

Forbes, Steve
May 2008
Forbes Asia;5/19/2008, Vol. 4 Issue 9, p9
The article discusses the author's views about subprime crisis in the U.S. The crisis still dominates headlines as banks and financial institutions continue their multibillion-dollar writedowns and shoring up of depleted balance sheets with massive infusions of new capital, says the author. The U.S. entitlement programs need drastic reform but the systemic change need not involve big cuts in benefits or draconian increases in taxes, says the author.


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