<![CDATA[Why Bail? The Banks Have a Gun Pointed at Their Head and Are Threatening to Pull the Trigger]]>

1.0 link 130124 <![CDATA[Why Bail? The Banks Have a Gun Pointed at Their Head and Are Threatening to Pull the Trigger]]> http://www.huffingtonpost.com/dean-baker/why-bail-the-banks-have-a_b_130124.html If you have a real story, you don't have to make up phony stories. That's pretty straightforward.

I've heard lots of phony stories. Much of the country's political and economic leadership has been running around raising the prospect of the Great Depression and a breakdown in the banking system (I actually had taken the latter seriously). These stories are absolutely not true.

There is no plausible scenario under which the no bailout scenario gives us a Great Depression. There is a more...

]]> 2008-10-30T05:12:00-04:00