Bubble Economy 2.0: The Financial Recovery Plan from Hell

Global Research by Michael Hudson | Feb. 15, 2009 (Special Report)

A true reform – one designed to undo the systemic market distortions that led to the real estate bubble – would have set out to reverse the Clinton-Rubin repeal of the Glass-Steagall Act so as to prevent the corrupting conflicts of interest that have resulted in vertical trusts such as Citibank and Bank of America/Countrywide/Merrill Lynch. Full Story »

Posted by Peter L. Combs

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Subjects: World, U.S., Politics, Business, Living
Topics: Global Economy, U.S. Economy, Money and Politics, Money
Member Tags: banks
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Posted by: Posted by Peter L. Combs - Feb 15, 2009 - 7:50 PM PST
Reviewed by: Peter L. Combs (review), M. Davis (review)
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Edited by: Peter L. Combs - Feb 15, 2009 - 7:50 PM PST
Related Comments: Global Economy (2)

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Peter L. Combs
4.0
 by Peter L. Combs - Feb. 15, 2009

Loads of detail and practical theory's, good historical look back on how things got like this. Offers advice in a very no nonsense direct way. Good statistics and agree with him or not, this is worth reading and contemplating.

I think we had better looking for ways to mend the economy that do not reward and put back in business the folks that got us here. Let us keep in mind the damage of 20 years of Government neglect.

Peter posted this story.
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