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View Diary: God bless the Fed, that's got its own... (7 comments)

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  •  Thanks! The $13,000 would certainly (0+ / 0-)

    compensate me for any losses I might experience if all 50 of the biggest banks were to go under.  :-)

    I'll look up the Morgenson article... likely tomorrow, I won't last much longer tonight.

    •  Aside from Obama giving a great speech... (5+ / 0-)

      ...absolutely nothing has changed over the past 24 hours with regard to the Wall Street bailout.

      It sucked then. It sucks now.

      Almost every major, progressive-thinking economist in this country says (temporary) nationalization/receivership is the most efficient way to handle this matter right now.

      Geithner's approach is critically flawed, at best.

      And, the reality that states and cities and taxpayers are all going to need additional, massive amounts of stimulus funds is only going to be made much more difficult if this bailout goes forward as they're planning upon doing it now.

      This does very little and/or nothing to resolve this matter in this best interests of the taxpayer.

      "I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong." --Katharine Graham

      by bobswern on Wed Feb 25, 2009 at 01:56:50 AM PST

      [ Parent ]

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