On Wed, 5 Oct 2011, Doug Henwood wrote:
>> Let's wipe the debt of the 99 percent off the books, tell the financial
>> sector to eat it, and get on with our lives.
>
> And we'll cope with the bank failures later. FDR did it!
Ha. I assume that in the alternative universe where this would happen, the government would be glad to capitalize any banks who needed it by buying shares.
Michael