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?
Tuesday, February 24, 2009
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