Quote of the day: 18 Jul 2008 – Caroline Baum

By Edward Harrison On Jul 18, 2008

In her column at Bloomberg News, Baum had this to say about the financial bailout solutions proposed by the U.S. government.

How do we know the market failed if we don’t allow it to work? Capitalism without failure is like religion without sin…… And no, none of [the bailout proposals] are solutions for a market failure. You can’t whine about the death of capitalism when government is putting a gun to its head.
–Caroline Baum, 18 Jul 2008

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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