Tuesday, September 11, 2012

Time for Congress to Wean U.S. Banks From an Outdated Crisis Backstop

"The government and Fed have already taken huge risks by intervening so heavily in the economy and financial markets. The last thing they should do is send signals that such intervention will become permanent."  Those are the word of WSJ columnist David Rielly on topic of weaning the country off of our government stimulus programs.

These are the same sentiments share by Mark Hanna at Market Montage in his post regarding hedge fund manager David Tepper's call back in 2010 who said "you can't lose – either the economy improves and stocks go up, or the Fed steps in and stocks go up."

We agree with both Rielly and Hanna that the more stimulus poured on will only hurt America rather than help it.

No comments:

Post a Comment