Originally Posted by conncarroll
Carney killed Fernholz on MF Global.
Fernholz' ideological blinders on the Wall Street-Washington nexus is frightening.
Agreed. I can't understand how anyone who calls them self a "business editor" can fail to understand that large companies get to borrow at cheaper rates because they are more likely to be bailed out.
The more controversial claim (but not idle speculation by any means) is that political influence affects or will affect what firms get bailed out and what firms do not.