Economist Galbraith: Bailed-Out Banks Should Be Declared Insolvent 2/10/09 Democracy Now 2 of 3
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Uploaded by mediagrrl9 on Feb 11, 2009
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. [includes rush transcript]
http://www.democracynow.org/2009/2/10/economist_james_galbraith_bailed_out_banks
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Damn this James Galbraith is so clueless. I've listened to few of his raves, and he help me made my mind.
akayami77 1 year ago
Yes, let them go down.
But slightly muddied thinking here. Just say no at the start.
Why even consider taking securitized crap from these banks?
Let bankruptcy court sort through it all.
These broker-dealers posing as commercial banks and holding a gun to the head of congress are more dangerous if left standing.
Jyoyo1 1 year ago
Always remember, private organizations have essentially no legal obligation to guarantee free speech to people.
Capitalism is just lovely.
aewester 2 years ago
Another Amy Goodman vid that has problems loading. Part I of this days episode had the audio removed.
Who is so afraid of Amy Goodman?
We should hear more about who is censoring YT, whether it is YT or some other agency.
Just when did the 1st amendment lose its full force?
morelshaman 3 years ago