I just read a very interesting article by Bill Fleckenstein, a contrarian writer from MSN Money. He was questioning any interference by the Fed in the current credit crunch. Would a government bailout be like rewarding banks and lenders for bad behavior?
I'm not sure that the government should subsidize poor business decisions. Anyway, you should read Bill's article. It's very interesting. Click HERE to read that article.
Bill Fleckenstein, credit crunch, bailout,