[kj] OT- I couldn't help but to think of the West

sade1 saulomar1 at yahoo.com
Sat Mar 15 16:57:18 EDT 2008


Dean Baker rules. I read him every chance i get, along with
Paul Krugman and Naomi Klein, among others.

"B. Oliver Sheppard" <bigblackhair at sbcglobal.net> wrote:
TB, the piece I linked to by Dean Baker deals with what you are talking
about -- "if the financial institutions start going under, it'll spread,
contagion, etc, etc."

Well, there is a way to fix that. Do what England did with Northern
Rock, which went under. That is, take it over, and kick the owners out
on the street, so that the bank can continue to honor its commitments
without retaining multimillionaires and their salaries on board as is
being done now.

That is ideologically unthinkable to many Americans because that's
"socialism." but apparently funding these same guys and keeping their
bank afloat is not. It'd be nice if folks read stuff I posted instead of
basically ignoring it and responding to straw men.

-Oliver

... ... ... ... ... ...
(looking at the current state of things)

'Save me
save from Tomorrow..
I don't want to sail in this Ship Of Fools...!'


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