Monday, September 29, 2008

Another Banker Weighs In

David Littman, former vice president and chief economist for Comerica Bank and Chief Economist for my home town free-market think tank, The Mackinac Center for Public Policy, has penned an op-ed in last week's Detroit News laying blame for the financial mess where it belongs, on government intervention in the economy.

Add that to the letter to Congress penned last week by John Allison, CEO of BB&T, stating the same thing.

Certainly if the risk of financial ruin that advocates of the current bail-out want us to believe necessitates it is so certain, it's odd to me that people who are intimate with the banking industry don't think so.

1 comment:

C. August said...

It makes one wonder if "fixing the economy" is their primary motive.