The Two Documents Everyone Should Read to Better Understand the Crisis


Why are we bailing out crooks? The demand side of our economy is in straitened circumstances because of institutionalized financial chicanery. The phony baloney nature of financiers plundering the economy was going to have its own comeuppance, but this bailout will save the guiltiest and the wrong lesson will be learned. Bankruptcy and liquidation are the cure for these shenanigans. the physical assets will remain, and then be bought by entrepreneurs with more sense.
More on Timothy Geithner
Read the Article at HuffingtonPost

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