1150 GMT [Dow Jones] Will the Chrysler bankruptcy be another turning point in the economic collapse? Maybe, Barry Ritholtz says. A hundred days into the Obama Administration, there is some stabilization, he notes. "This is an environment that should encourage the emergency footing of the economic team to stand down." If the administration wants to break from the Bush team's policy of just throwing money at the banks, now would be the time, he says. "If the post panic Obama admin wants to make a break from those policies, forcing the banks to raise private capital or go into FDIC liquidation is the way to do that." (PJV) (http://www.ritholtz.com/blog/)
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(END) Dow Jones Newswires
May 04, 2009 07:50 ET (11:50 GMT) | 
