Who needs TARP to bail out financial institutions? Your local supermarket carries a retail version at the checkout counter. We know the program as “gift cards.” Last week while I was grocery shopping, the gift-card display piqued my curiosity. So I took a few minutes to read the fine print on back of several packages. [...]
Tag Archives: TARP
May 1, 2009
I’m afraid our anger will lead to unintended consequences. It will exacerbate the impact of uneven regulation among financial institutions—an imbalance that undermines the long-term integrity of our capital markets.