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

sawicky at verizon.net sawicky at verizon.net
Wed Sep 17 08:33:15 PDT 2008


The system may be coming down, but at least we have great web graphics:

http://www.nytimes.com/interactive/2008/09/15/business/20080916-treemap-graphic.html


> ----- Original Message -----
> From: Doug Henwood
> Sent: 09/17/08 11:14 am
> To: lbo-talk at lbo-talk.org
> Subject: Re: [lbo-talk] The end of American capitalism as we knew it
>
>
> 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
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>



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