That’s about it. It’s never going make justice and equality, nor will it necessarily avert financial melt-down. But without it, there’s a real chance that there will be spill-over to the real economy. In April, I wrote about a system collapse, and while I still don’t think it would be Armageddon, I do think that whatever plan:
1) won’t cost $700 billion, since the state will likely recoup some of the cost
2) will have a chance of slowing down or making orderly a transition to a new financial system model, without some of the negative consequences that the speeded-up version of transition may entail
3) will not make justice and equity, or be a vindication of free markets.
Quit fucking around, be adults, and pass it.
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