Tuesday, February 24, 2009

Beat the Press | The Media Continue to Ignore Welfare for Citi Shareholders:
"The article even includes a bizarre statement to discourage those who oppose welfare for the super-rich: 'Nationalizing Citigroup outright would be a huge challenge, given the company’s size and international sweep. In countries like Mexico, for instance, a state-controlled bank might run afoul of local ownership regulations.'

This could almost be a line in a comedy routine -- Mexico is going to keep the United States from putting a bankrupt bank in receivership. It's too bad that the NYT didn't identify anyone who made such a statement, we all could ridicule this person until they faded from public life."

God bless Dean Baker! Righteous indignation when it is called for. Why isn't HE running the Treasury?

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