Web Log Purpose

A web log based on the principle that a civilized society deserves democratic government based on integrity. The premise here is the U.S. democracy has effectively been subverted by oligarchical forces which must be opposed with facts and rational thought. (An RSS feed is recommended.)

Thursday, April 9, 2009

Congressional Panel Has a Better Plan!

As a follow-up to last night's post about Bill Black (see post below), this article tells of a new report by a Congressional panel which advocates firing bankers and getting control of the balance sheets of the banks, liquidating banks where appropriate. Account holders -- average citizens -- would still be protected by FDIC insurance as in the past.

This is the way to go! We must stop throwing money at the rich bankers who got us into this mess!



http://www.truthout.org/040809T

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