Economist: Bailout Makes Little Economic Sense
One opponent to the $700 billion financial rescue plan is Allan Meltzer, a former Fed economist and a professor at Carnegie Mellon university in Pittsburgh, Pa.
Meltzer tells Steve Inskeep he's against the proposal because he thinks if Wall Street created the problem, then Wall Street should solve it.
Related NPR Stories
Bush Predicts Congress Will Pass Rescue Sep. 26, 2008
What Caused Bailout Talks To Break Down? Sep. 26, 2008
Bailout Talks Forced To Go On Another Day Sep. 26, 2008
Bailout Talks Stall As House Republicans Reject Deal Sep. 26, 2008
White House Talks End Without Bailout Deal Sep. 25, 2008
Comments
Discussions for this story are now closed. Please see the Community FAQ for more information.