An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Monday, September 29, 2008
House defeats bailout plan
I knew it! Monumental ignorance of the citizenry gave political "cover" to know-nothing Republicans (and some Dems) in the House.
Say what you would like about Paulson (and many people have). I am glad that he is there. At least he is trying something. Appreaciate Snow and O'Neils service but Paulson is the best of the three.
By the By, heard from two people over the weekend, who have no reason to defend Sec Paulson that he DOES NOT own any GS stock.
Say what you would like about Paulson (and many people have). I am glad that he is there. At least he is trying something. Appreaciate Snow and O'Neils service but Paulson is the best of the three.
ReplyDeleteBy the By, heard from two people over the weekend, who have no reason to defend Sec Paulson that he DOES NOT own any GS stock.
Billy
Yes Billy, I agree. Doing something is better than doing nothing. Even if the plan is insufficient, it won't hurt--exchanging bad assets for good.
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