Bailout Bonds: Should Small Investors Buy In?
The Obama administration is floating a plan that would allow small investors to buy into the bailouts at a relatively low price. Individuals could then potentially make money from their tax dollars.
But some economists warn that purchasing shares of banks' toxic assets is risky business.
Guests:
Graham Bowley, business reporter for the New York Times. He wrote the article "U.S. May Enlist Small Investors In Bank Bailout" for the paper.
Dean Baker, economist and co-director of the Center for Economic and Policy Research
Ronald O'Hanley, president and chief executive of BNY Mellon Asset Management. He wrote an op-ed for the New York Times, "Get In On The Bailout."
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