KPCC News In Brief
UC Berkeley business school professor says bailout plan has to balance Wall Street and Main Street concerns
Lawmakers in Washington are still trying to hammer out a plan to rescue the country’s financial services industry. James Wilcox, who teaches about financial institutions at UC Berkeley’s business school, told KPCC’s AirTalk that the federal government has to balance the concerns of Wall Street and Main Street.
James Wilcox: “Make no mistake about it, we are in the midst of a very serious financial crisis. But what we are hoping to do with some astute public policy here is to try to prevent a financial crisis from turning into an economic crisis.”
Wilcox said he hopes for a resolution sooner than later. He added that Congress can make adjustments in any plan it approves.
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- September 26, 2008 12:03 PM
- Categories: Business/Economy, Politics/Public Affairs
