nytimes.com— The Kremlin seems to be exploiting the economic crisis to establish more control over financially weakened industries that it has long coveted.
Dec 8, 2008View in Crawl 4
The parallels to the US bailout are quite interesting ... the Russian's seem more honest about how they are handling the crisis:?We will put capital directly into major companies, in cases when it would be beneficial to the state and eventually to the taxpayer, and in those enterprises that are the basis of the economy of the Russian Federation,? Mr. Putin said in a television appearance on Thursday. ?We do not exclude that these tools may be used in a large-scale way.?
hairyjonesDec 8, 2008Submitter
We should be doing this in the U.S!
maustin1961Dec 8, 2008
The parallels to the US bailout are quite interesting ... the Russian's seem more honest about how they are handling the crisis:?We will put capital directly into major companies, in cases when it would be beneficial to the state and eventually to the taxpayer, and in those enterprises that are the basis of the economy of the Russian Federation,? Mr. Putin said in a television appearance on Thursday. ?We do not exclude that these tools may be used in a large-scale way.?