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  • Nothing Good Will Come of Bankers Being in Control  [View article]
    the only solution to this mess: nationalization of all banks worldwide. the only way to make sure that the bailout packages save the real economy from collapsing - and not just the jobs of greedy overpaid bankers.
    make no mistake: the prupose is not to save the banks as such - the purpose is to make them lend again to the real economy. if bailout packages cannot achieve that goal, then other measures must be taken. and when push comes to shove it means to throw out the John Thains and Dimons and Kovacevics and all the other crooks and force the banks to do their actual business. the goal is noot to restore profitability at banks. the instant goal must be to keep the economy going.
    Oct 23 03:27 am |Rating: 0 0
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