Bailout must be combined with structural reform

More at http://therealnews.com/c.php?c=080901YT
Doug Henwood: Public ownership and public interest financing must be part of a solution to the crisis

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[x11115]

those banks failed because of their own negligence. a bailout only hurts the economy and allows the crooks to continue operating.

[oliversinhell]

yea ! they are out to screw you and your kids and your grandchildren , ever since the us was founded its been fear all the way , Indians , Negroes , communists , Muslims , illegal immigrants , and now economic disaster ! keep you afraid so you will agree to anything ! have fun

[arzoyan]

World capitalism is the monetary exploitation,suppression and dehumanisation of the working class. A destructive socio-econmic minority imposition where CORPORATIONS and STATES have emerged as the dominant institutions of power and control. Capitalism is the process of ABSTRACT CAPITAL ACCUMULATION in a market mechanism of artificial scarcity and wage slavery. A moneyless,classless,stateless humanity sharing the EARTH IN COOPERATION is the only SANITY FOR HUMANITY.

[fjfjvmvm]

Going back to the pre-Fed system would be worse than the current system by a lot. That doesn't mean that we shouldn't replace or radically alter the current system, only that we shouldn't follow dumb ideas by far-right Ron Paul types. The German banking system used to be a pretty good model - though that has been substantially undermined by the EU.

Most lending is for mortgages - this should stop and we should end our home-ownership fetish.

[Wobbothe3rd]

If every american received a 5 million dollar check in the mail the economy would grind to a halt (people would stop working), inflation would run rampant, and the banks would just find a way to abuse that.

Abolishign the fed would turn the clock back to the 1870-1900 period, where most people spent most of their lives in a depression or recession. It would not be pretty.

[379110119]

ANY GUYS UP?

CAN SOMEONE PLEASE TALK TO ME a1

[123dramaqueen]

looking for friends

this video was good Rq

[stangeriam]

The bailout will only cause hyper-inflation and the collapse of the dollar.

[samdonuge]

what happened to LEFT BUSINESS OBSERVER. they no longer have radio archive. it's great.

[TheStoicAgnostic]

the government only has to save a few major banks

it's almost like taking financial services of the CFR and eventually putting them as one.

If only the few major banks are saved they can merge into one or one can dominant the few others

bush administration is out soon so maybe they're trying to scheme on something before they go

maybe

i try to remember i have no control of what the government does so it's probably better to ignore all of this stuff

[TheStoicAgnostic]

real news basically supports ron paul

he's always on here

i don't know if they can actually afford to talk to him directly but he's a part of their videos a lot

too much if you ask me

[hamechicoloft]

Lets see how long they can drag this out for.

Prepare for revote - stocks go up.

Bailout rejected - stocks fall.

Prepare for revote - stocks go up.

Bailout rejected - stocks fall.

Seems very predictable. With some insider info, someone could be making a nice pile of cash off those ups and downs, dontcha think???