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11-13-2009, 03:00 PM #1
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Kaufman: U.S. Banks Nearly Socialist
Kaufman: U.S. Banks Nearly Socialist
Friday, November 13, 2009 11:04 AM
By: Gene J. Koprowski
Economist Henry Kaufman warns that the U.S. financial system is on the precipice of socialism, but can pull back with a few judicious steps by policymakers.
Writing in The Wall Street Journal, Kaufman, president of Henry Kaufman & Co., formerly managing director of Salmon Brothers, advocates reform of the concept of “too big to failâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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