Comments on: Dean Baker: Origins of the Financial Crisis http://www.ruthgroup.org/2008/09/17/dean-baker-origins-of-the-financial-crisis/ Reclaiming American Democracy Thu, 26 Aug 2010 19:39:05 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: craps methods http://www.ruthgroup.org/2008/09/17/dean-baker-origins-of-the-financial-crisis/comment-page-1/#comment-62329 craps methods Wed, 14 Jan 2009 07:29:32 +0000 http://www.ruthgroup.org/2008/09/17/dean-baker-origins-of-the-financial-crisis/#comment-62329 At the time of financial crises we need to come together united and try to solve the problems which are responsible for such a hazard. We need to overcome it. It is meant to bring calm to the population and markets and display government strength and stability. At the time of financial crises we need to come together united and try to solve the problems which are responsible for such a hazard. We need to overcome it. It is meant to bring calm to the population and markets and display government strength and stability.

]]> By: Will Kirkland http://www.ruthgroup.org/2008/09/17/dean-baker-origins-of-the-financial-crisis/comment-page-1/#comment-62156 Will Kirkland Thu, 18 Sep 2008 19:36:10 +0000 http://www.ruthgroup.org/2008/09/17/dean-baker-origins-of-the-financial-crisis/#comment-62156 The size of the "rescue" is mind blowing, of course, but so is who it's aimed at -- the very highest crust of the upper crust. Nada for all who have been run out of their homes, whose businesses may fail for lack of credit, whose 401Ks are in jeopardy. I'd like to see an analysis of what would happen if the big institutions were left to fail and all this money was directed at the consumers and small businesses upon whom recovery depends. Don't loan AGI the money; loan it to everyone whose live-in property is in danger. Offer a line of credit equal to a years gross income to every small business. Make-good all losses in pensions and other retirement instruments for those whose networth is under $2 million. Let the wealth trickle up from there instead of down in the form of fear, losses and prayerful hopes, as usual. The size of the “rescue” is mind blowing, of course, but so is who it’s aimed at — the very highest crust of the upper crust. Nada for all who have been run out of their homes, whose businesses may fail for lack of credit, whose 401Ks are in jeopardy. I’d like to see an analysis of what would happen if the big institutions were left to fail and all this money was directed at the consumers and small businesses upon whom recovery depends. Don’t loan AGI the money; loan it to everyone whose live-in property is in danger. Offer a line of credit equal to a years gross income to every small business. Make-good all losses in pensions and other retirement instruments for those whose networth is under $2 million.

Let the wealth trickle up from there instead of down in the form of fear, losses and prayerful hopes, as usual.

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