Thursday, March 19, 2009
Close Them Down, Mr. Geithner
Dear Mr. Geithner, I am not a trained economist, but I feel bad seeing you and your buddies flailing around, trying to come to grips with this slippery, ugly beast that is the financial meltdown. So, here is my admittedly non-specialist solution to the problem: Close them down, Mr. Geithner. Close down AIG, Fannie Mae, Freddie Mac, any company that is bleeding money and is supposedly "too big to fail" and needs large infusions of our taxpayer money. You cannot reinflate a collapsing bubble. So shut them all down. Just go about it in an orderly, systematic way so that panic does not ensue - see I am not one of those nasty libertarians who want death by free-market, I did say "orderly" and "systematic". You are a clever man, Mr. Geithner, and your friends are smart people too. I'm sure you'll be able to work out the details of the downsizing between all of you. Sometimes home remedies are the best.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment