Stand By For Action - More Theft Of Our Money Being Planned In Washington
Even the leftish-economist — and born-again attack dog for the Democratic Party — Paul Krugman is disappointed with the Obama Administation’s hints that it will continue the Bush team’s strategy of feeding our money to Wall Street until it is again fat and happy.
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He becomes suspicious in “More on the bad bank idea“, New York Times, 18 January 2009:
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He takes this analysis one step farther in his column “Wall Street Voodoo“, New York Times, 21 January 2009:
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He provides the final links in the analytical chain in his 29 January blognote.
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A warning from someone who knows about these things
From “Big Risks for U.S. in Trying to Value Bad Bank Assets“, New York Times, 1 February 2009 — A cautionary article about the potential for theft in government purchases of assets from banks. Money quote:
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