As I said, the important thing is to bail out the system, not the people who got us into this mess. That means cleaning out the shareholders in failed institutions, making bondholders take a haircut, and canceling the stock options of executives who got rich playing heads I win, tails you lose.
Monday, March 17, 2008
Accountability....
Krugman on things to keep in mind for the coming bailout of the financial system:
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1 comment:
so obvious... i've been saying this for more than a year now. i'm sure i wasn't alone, but why does it take scared, wrong-headed action for someone in the media to actually pipe up about it.
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