Phelps Says Rescue May Not Be Enough to Capitalize Banks
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Phelps Says Rescue May Not Be Enough to Capitalize Banks
Edmund Phelps, winner of the 2006 Nobel Prize for economics and a professor at Columbia University, talks with Bloomberg's Kathleen Hays in Washington about U.S. Treasury Secretary Henry Paulson's $700 billion plan to buy troubled assets from financial firms, the outlook for the economy and labor markets, and Federal Reserve policy. (Source: Bloomberg)
Bloomberg | October 6, 2008
