Government’s response to financial crisis has been all wrong, Bob Rodriguez says

(investmentnews.com) The U.S. government’s response to the economic crisis has been “financially imprudent and irresponsible,” Robert L. Rodriguez, chief executive of First Pacific Advisors LLC of Los Angeles, said today.

Rather than help the economy and the markets recover, the government’s moves to prop up failing companies and get consumers spending again may actually make matters worse, he said during a keynote presentation at the Morningstar Investment Conference in Chicago, which was sponsored by Morningstar Inc., which is based in that city.

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