> from DeLong's page:
>
> Nouriel Roubini on the Need to Regulate
> And it is not the job
> of the Fed to bail out insolvent non bank financial
> institutions. If a bail out should occur this is a
> fiscal policy action that should be decided by
> Congress after the relevant equity holders have been
> wiped out and senior management fired without golden
> parachutes and huge severance packages...
=================
Bullshit, if a bailout occurs it will be via the unpaid labor time of the working class which has been bailing out the capitalists for centuries.....
Counternarratives for $200billion, please, Alex.