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Galbraith on the Economy: No Return to Normal

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The oddest thing about the Geithner program is its failure to act as though the financial crisis is a true crisis. If banks are recapitalized without changing their management, why should we expect them to change the behavior that caused the insolvency in the first place?

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The USA of the 1930's by Stanimal on Thursday, Mar 19, 2009 at 5:19:16 PM
less wiggle room than in the Great Depression? by Josh Mitteldorf on Thursday, Mar 19, 2009 at 5:49:30 PM