I am afraid it does not inspire confidence to hear someone shooting for the Presidency to claim you have to be a multi billionaire to get anything done. What kind of campaign strategy is that? But Nader did accuse Congress of abdicating their responsibility, a comment I found refreshing if unhelpful.
More interestingly, Nader advocates a transaction tax to make the speculators pay for their own bailout. As a taxpayer, that sounds like a really good idea and I know it has been mentioned before. At this point is that closing the barn door after the horse has left? Would a transaction tax now prevent the worst excesses of speculation coming out of this mess? Would it just ignite a legal feeding frenzy of lawyers and accountants trying to define their way out of any obligation?
DC