Bad Bank: Bad Idea

Gerald Epstein, Truthout: "The irresponsible, and even fraudulent, behavior of bankers and the financial regulators we trusted to monitor them have left the rest of us in deep trouble with no good financial options. Major banks, including Citibank, Bank of America and others, are on the verge of bankruptcy, if not already insolvent, despite the commitment already made on behalf of US taxpayers to spend or guarantee billions of dollars to rescue them. Meanwhile, the economic vortex is dragging the rest of us down."

http://www.truthout.org/020309T



http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=bankruptcy
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=Gerald+Epstein

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