More Bad Medicine
10.14.2008 >> More Bad Medicine
posted by Scott Theisen at 01:48 PM
Looks like Treasury will be dosing out more bailout money...to supposedly "healthy" banks. HA! Jeffrey Miron of Harvard gets it though in his review. "Why this bailout is as bad as the last one."
http://www.cnn.com/2008/POLITICS/10/14/miron.banks/index.html
"Perhaps the new cash will spur the sale of bad assets, or nudge banks to reveal their balance sheets, but that is far from obvious. Banks, moreover, might remain cautious even with this increased liquidity simply because of uncertainty about the economy. Thus it is hard to know whether cash injections will actually spur bank lending.
In any event, government ownership of banks has frightening long-term implications, whether or not it alleviates the credit crunch."
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An MFA graduate of the University of Arizona, Scott has been directing design, branding, identity and naming, interactive, corporate and business-to-business communications with Froeter Design Company since 2000.
Scott has managed strategic design projects for clients such as JP Morgan Chase, Bank One, Molex, Stora Enso, The Smart Museum of Art, and the Chicago Board of Trade. His work has been honored internationally by AR100, Communication Arts, Graphis, the American Association of Museums, CASE, and Print Magazine. Scott also serves on the Advisory Board of the College of DuPage, and Robert Morris College.
He is the only known designer to habitually read Austrian economic theory.
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