Sep 25, Jim Chanos: Bush rescue package start of 'slippery slope'

Name: Sep 25, Jim Chanos: Bush rescue package start of 'slippery slope'
Uploaded: 2008-09-25T16:40:18.000Z
Duration: PTNaNMNaNS
Channel: Financial Times
Description: Kynikos founder queries Paulson's $700bn plan for 'toxic' assets

Jim Chanos, founder of New York hedge fund Kynikos, warns of a "slippery slope" when the US government starts "purchasing things by fiat". He discusses with Gillian Tett, capital markets editor, the $700bn rescue package to purchase "toxic" subprime assets, drawn up by US Treasury Secretary, Hank Paulson.

September 25, 2008