[lbo-talk] The end of American capitalism as we knew it

Doug Henwood dhenwood at panix.com
Wed Sep 17 08:14:35 PDT 2008


On Sep 17, 2008, at 8:28 AM, Marvin Gandall wrote:


> Capitalism is compatible only with the temporary public ownership and
> restructuring of distressed industries. In this case, it's possible,
> even
> likely, the government will create a larger-scale equivalent of the
> Resolution Trust Corp which disposed of the mortgage loans and other
> assets
> of insolvent S&L's in the late 80s. It could happen not long after a
> new
> administration takes office.

Yup - that seems inevitable. Though they may not be able to wait two more months.

Doug



More information about the lbo-talk mailing list