Comments: Reading

wow, if Prof DeLong is going on about nationalization, the shitpile is really really really really deep.

Posted by almostinfamous at September 28, 2008 12:34 AM

I would gladly see Halliburton and KBR nationalized to repair NOLA and Galveston.

Posted by Mike Meyer at September 28, 2008 01:28 AM

Jonathan Versen: Read YOUR responce and have to agree with the point about this bailout being quickly shoved down our throats. I'm not for nationalization of an entire financial system and although I have some personal stake in Wachovia I'm still against this bailout. Congress has a deal struck last night and part is the insuring of OUR new bought "assets" with mortgages. I concider the ROOT problem to be backing debt with debt in tiers. This is just another terrace piled on top which will end up as "more of the same". WE just lost 700 billion dollars and that's all WE've done.

Posted by Mike Meyer at September 28, 2008 12:08 PM