It's possible that government leaders are planning to nationalize the zombie financial institutions but are not telling anyone, because to tell would hurt "investor" expectations and maybe make the project more expensive (I'll have to think about that). But this is the kind of tactic that a GOP administration (such as that of the late Tricky Dick) would use and would go against Pres. Obama's promises of increased openness.[*] And with people like Summers, Geithner, and Volcker in place, it's much less likely, because they are extremely pro-financier.
> NY Times, March 6, 2009 > Op-Ed Columnist > The Big Dither > By PAUL KRUGMAN > > Last month, in his big speech to Congress, President Obama argued for bold > steps to fix America’s dysfunctional banks. “While the cost of action will > be great,” he declared, “I can assure you that the cost of inaction will be > far greater, for it could result in an economy that sputters along for not > months or years, but perhaps a decade.” [*] These promises don't seem to apply to foreign policy issues. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
