Bill Moyers' Interview with Simon Johnson

[Ghostland]

Simon Johnson is a former IMF economist. He basically says to save the economy we must destroy the influence of the Oligarchs running our country. The way to do that is to pit one group of oligarchs against another.

Excellent interview.

http://www.pbs.org/moyers/journal/02132009/watch.html

 

[Renegen]

Good stuff of course. Interesting the ex chief economist of the IMF is on this side of the fence, I mean why? Why change when you're so far, or why waste so much time at the IMF.

His solutions seem really simple too. Yes, this has nothing to do with saving the banking system. They can easily do that, save the assets and change the ownership. It's a bailout for the board of directors, not the banking system.