On Dec 14, 2008, at 11:02 AM, Doug Henwood wrote:

Not quoting literally. Here's the Mellon quote: "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate.... It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people."

I notice Banker Mellon didn't say anything about liquidating the banker. But then, there's nothing there to liquidate, except perhaps the borrower's promise to pay for imaginary money with real effort. What an arse.

Dan

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