Economist Lauds Fed's Effort, Criticizes Bailout Plan
As the economic situation grows increasingly complex, experts weigh in on what's working, what's not and what's next. Economist Douglas Holtz-Eakin, who once advised President Bush and now talks with senators in both parties, tells Steve Inskeep that the Federal Reserve is doing a great job, but the government's bailout plan is all wrong. He says financial firms that are "truly insolvent" should be wound down, not preserved.
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