The Mudcat Café TM
Thread #115883   Message #2595094
Posted By: Donuel
23-Mar-09 - 03:24 AM
Thread Name: BS: Popular Views: the Obama Administration
Subject: RE: Popular Views: the Obama Administration
The greatest Obama blunder to date is the upcoming announcment that 1 trillion is going to go towards buying toxic loans.


Nationalising the offending banks for a week is a quicker and chaper solution. Nationalisng like we have done 3 times before, is not as politically friendly to the rich as the toxic buy out plan but it would save 5 years of depression and alot of debt.