Watchdog: Bailouts created more risk in system
"Even if TARP saved our financial system from driving off a cliff back in 2008, absent meaningful reform, we are still driving on the same winding mountain road, but this time in a faster car," Barofsky wrote.
Business Activity Contracts in Japan, Modest Expansion in China; PBOC Rate Cut Seen - Markit has new reports out today on service activity in China and Japan. The former shows a bit of growth, the latter contraction. Because the reports are ...
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