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Commentary: How to rescue the bank bailout

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Joseph E. Stiglitz (who should have been made Treasury Secretary, not Geithner), makes a compelling case for nationalizing the banks and ending the hundred billion dollar bridge-loans to nowhere. He cites the successful temporary nationalization that Sweden did years ago. It's time to start letter-writing Obama and Congress to do this while rebuilding the real economy.
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At www.cnn.com


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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:

Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)

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