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| Permalink View Article Stats (2 comments) Essential Error of Obamanomics Quicklink submitted by Josh Mitteldorf (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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| In today's column, Paul Krugman argues that Bernanke and Geithner have yet to acknowledge the depth of the economic crisis. Their 'rescue plans' are based on the idea that mortgage-backed securities are 'worth more than anyone is willing to pay for them', and that propping up their price will put the economy back on track. The truth is that losses are real and permanent. |
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The losses are real and permanent, indeed.
by Jim Pivonka on Sunday, Mar 8, 2009 at 1:05:53 PM
Why "nationalization" of banks is not an issue
by Jim Pivonka on Sunday, Mar 8, 2009 at 1:16:45 PM