Best Bailout Plan I’ve Seen–From an Unlikely Source
Michael Moore’s 10-point bailout plan is better than anything I’ve seen from an economist. Is it perfect? Of course not. Is it far, far better than anything being talked about in the halls of Congress (except by people like Senator Bernie Sanders and Congressman Dennis Kucinich)? I certainly think so.
Here’s a piece I especially like:
4. IF YOUR BANK OR COMPANY GETS ANY OF OUR MONEY IN A “BAILOUT,” THEN WE OWN
YOU. Sorry, that’s how it’s done. If the bank gives me money so I can buy a
house, the bank “owns” that house until I pay it all back — with interest.
Same deal for Wall Street. Whatever money you need to stay afloat, if our
government considers you a safe risk — and necessary for the good of the
country — then you can get a loan, but we will own you. If you default, we
will sell you. This is how the Swedish government did it and it worked
