I’m a longtime fan of Nobel Prize winner Stiglitz who would like to see him immediately replace Timothy Geithner as treasury secretary. A Team Stiglitz could then replace Team Goldman Sachs.
This article by Stiglitz should be required reading by both the Obama White House and Congress.
I suspect there are tens of millions of Americans like me who know that nationalization is not a four-letter word.
There’s a parallel between America’s military and America’s financial system. Both are too important to be entrusted to private mercenaries.
Have we learned nothing from the last three decades, especially the last eight years? Reaganomics. Voodoo Economics. Deregulate. Deregulate. Deregulate. Are we nuts?