| Failure to act decisively over the collapse of our banking system could mire the US in a protracted slump, like Japan's "lost decade" in the '90s. During the savings and loans failures of the late 1980s, first Pres Bush took over insolvent institutions that were judged to be "too big to fail," wiped out the banks' shareholders, protected depositors, and sold off the institution asset in an orderly fashion, minimizing shock |
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At www.alternet.org
Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.
