Pages

September 26, 2008

Ted Rall tells us what the bailout really needs

Near the bottom of this week’s column, Ted Rall gets down to brass tacks :
• Declare a bank holiday;
• Reinstate Glass-Steagall (my sidebar — make House Dems eat crow on this, and Slickster, too);
• Bail out homeowners;
• Cap lending rates, tying ARM rates to the Fed’s funds rate;
• Nationalize failed banks, a la Sweden in its similar situation in the early 1990s.
• Get the hell out of BOTH Iraq and Afghanistan now; we need the money here.

Not a point there with which I would disagree.

No comments:

Post a Comment

Your comments are appreciated, as is at least a modicum of politeness.
Comments are moderated, so yours may not appear immediately.
Due to various forms of spamming, comments with professional websites, not your personal website or blog, may be rejected.