Obama, stimulus and what should happen=2/3
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Uploaded by IWantDemocracyNow on Feb 10, 2009
Economist James Galbraith: Bailed-Out Banks Should Be Declared Insolvent
With estimates of the cost of addressing the financial crisis exceeding $9.7 trillion, we speak with economist and University of Texas professor James Galbraith, author of The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too. Galbraith says rather than pouring billions into propping up troubled giant banks, the government should declare them insolvent.
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Government needs to run one or two medium size banks in major trading markets to serve as probs.
beancube2008 2 years ago
Leaderships in banking industry are fruadulent. If they can pay back, it means they are the only ones who know the holes. They actually know how to take advantage of the sinking ships.
beancube2008 2 years ago
This stimulus is an ominous sign that Obambi will be a 1 TERM EPIC FAIL and will lose to Sarah Palin in 2012. This country does not need a stimulus and more government spending to help the global economy. No, the world needs Palinomics. Palinomics will save the world economy, greater than Reaganomics and Clintonomics. Palinomics is blessed with the divine power of GOD HERSELF for Palin is GOD's CHOSEN ONE, GOD INCARNATE and the LIVING EMBODIMENT OF GOD HERSELF!
ecwaufisxtreme 3 years ago