Friday, September 26, 2008

Ted Rall tells us what the bailout really needs



Near the bottom of this week’s column, Ted Rall gets down to brass tacks :
• Declare a bank holiday;
• Reinstate Glass-Steagall (my sidebar — make House Dems eat crow on this, and Slickster, too);
• Bail out homeowners;
• Cap lending rates, tying ARM rates to the Fed’s funds rate;
• Nationalize failed banks, a la Sweden in its similar situation in the early 1990s.
• Get the hell out of BOTH Iraq and Afghanistan now; we need the money here.

Not a point there with which I would disagree.

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