joanna wrote:
>
> Several of the world’s biggest banks are in talks to put up about $75
> billion in a backup fund that could be used to buy risky mortgage
> securities and other assets, a move designed to ease pressure on a
> crucial part of the credit markets that threatens the broader economy.
We should hope it works. A huge crash would give _some_ hurt to a large number of not-so-big capitalists, and perhaps to one or two big capitalists. But it would hugely hurt working people and be of no great use to the left. What leftists need is a _real_ sustained boom to create another revolution of rising expectations and the margin that working (including 'middle') class people need to devote energy to political activity.
Carrol