http://www.techpresident.com/blog/entry/22911/money_talks_politicians_listen Comments for "Money Talks, Politicians Listen" en http://www.techpresident.com/blog/entry/22911/money_talks_politicians_listen <p>I wondered what the presidential candidates and other politicians were saying about the Federal Reserve's unprecedented interventions in the financial sector, including today's provision of $30 billion to guarantee JP Morgan Chase against the risks it will incur as it takes over Bear Stearns for pennies on the dollar (and inherits its subprime portfolio). </p> <p>It's not that often, after all, that the government decides to socialize someone else's losses--I can't remember many manufacturing businesses or agricultural businesses that were deemed "too big to fail." So, while looking for their public statements from today, I also went online to follow the money trail a bit further.</p> <p><a href="http://www.techpresident.com/blog/entry/22911/money_talks_politicians_listen">read more</a></p> http://www.techpresident.com/blog/entry/22911/money_talks_politicians_listen#comment bailout Barack Obama Federal Reserve Hillary Clinton John McCain JP Morgan Chase Wall Street Mon, 17 Mar 2008 16:55:02 -0400 Micah L. Sifry 22911 at http://www.techpresident.com