"you have no clue what this does to scaring away private capital from out banking system, which needs it desperately. without the banks, the economy is toast"
Baloney. For starters, populist reaction is to absurd executive compensation from tax dollars, not investor capital.
Having said that, pragmatic catering to the investment class for the last 28 years, exacerbated the last 8, was what brought this disaster on. Welfare-for-the-rich on the backs of working people has been 1. morally wrong, and 2. (surprse!) unsustainable. "Populism" is realism at this point.
Read the Article at HuffingtonPost
0 comments:
Post a Comment