[lbo-talk] Roubini on the bailout scam

Bill O'Connor billyoc at gmail.com
Mon Sep 29 18:19:37 PDT 2008


Doug Henwood <dhenwood at panix.com> writes:


> On Sep 29, 2008, at 8:38 PM, mk wrote:
>
>> I've been faxing him Dean Baker's recommendations, along with
>> explanations of how he was among the economists who has been warning
>> of this bubble for years.
>
> Yeah, Dean's been warning of it for years, but now that "it" is here,
> Dean says it's no big deal. I'm confused.

What confuses me is that the stock market can drop ~750 points in one day, losing(I'll guess) about a trillion dollars, but if they don't get 750 billion dollars, it's Mad Max time.



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