Quote of the day: 18 Jul 2008 – Caroline Baum

| 18 July 2008 13:00

In her column at Bloomberg News, Baum had this to say about the financial bailout solutions proposed by the U.S. government.

How do we know the market failed if we don’t allow it to work? Capitalism without failure is like religion without sin…… And no, none of [the bailout proposals] are solutions for a market failure. You can’t whine about the death of capitalism when government is putting a gun to its head.
-Caroline Baum, 18 Jul 2008

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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