On Apr 1, 2009, at 12:20 AM, Joanna wrote:
> If Geithner's plan is as much of a piece of thuggery as it appears,
> and if it all revolves around additional burden on FDIC, what is the
> likely outcome for the banking system?
>
> Kiss your FDIC protected assets (bank account) goodbye?
>
> High inflation?
>
> Extreme austerity? (no govt money except for finance?)
My bet is austerity, as I've been arguing on my "blog."
Most financial crises have been disinflationary, because of the collapse in demand in the recessions they cause.
Doug