A lot of folks like to talk to me about their ideas for solving the US financial crisis after I tell them that I’m in business school. Since I’m not much of a “finance guy” I don’t really have any of my own brilliant ideas to solve the crisis, but I just read a great couple of articles in the NY Times which sounded pretty convincing to me.
One of the more interesting points that the authors suggest is that instead of bailing out the big banks, we try to rescue the homeowners who are unable to pay off their mortgages. This suggestion seems both liberal and conservative at the same time! I don’t know if I completely agree with the idea, since what good is owning a home if you don’t have a job? I am no expert, so draw your own conclusions from these excellent articles: Criticisms of the financial system and suggestions as to how to fix the system