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In another recent interview on On Point, Clinton former Treasury Secretary Lawrence Summers says that it was the right move to bail out Bear Stearns.  Skeptical host Tom Ashbrook presses him on why he thinks so, but Summers does not want to spell it out.

In this Fresh Air interview Michael Greenberger agrees with Summers that Bear Stearns could not be allowed to fail.  But unlike Summers, he quite clearly states the unsettling reason.

Point n'est besoin d'espérer pour entreprendre, ni de réussir pour persévérer. - Charles le Téméraire

by marco on Mon Apr 7th, 2008 at 12:24:56 AM EST

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