Turning Crisis into Opportunity

NY Dispatch Day 122: One of my strongest critiques of the Obama administration is that when he came into office, instead of taking the opportunity to rethink the economy his administration followed his predecessor’s; they continued bailing out the banks who had created the crisis in the first place. Many firms had swollen up on profits like ticks by taking on excessive risk with no safety net. The consequences of their gamble fell on the government when their lucky streak ended. The men who crea...