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birdwatcherWSJ -- In the audience, Myron Scholes -- Nobel laureate in finance, veteran of the Long-Term Capital Management hedge-fund debacle and now chairman of his own hedge fund -- was listening and scribbling on a yellow legal pad. His conclusion, one gaining momentum, is that the government eventually will spend a lot of taxpayer money to clean up the current credit mess and prevent economic catastrophe.
"I think they should at least be thinking about it," he said. "If you're going to do it anyway, why not do it sooner?"
"I think they should at least be thinking about it," he said. "If you're going to do it anyway, why not do it sooner?"
