"If you are neutral in situations of injustice, you have chosen the side of the oppressor. If an elephant has its foot on the tail of a mouse and you say that you are neutral, the mouse will not appreciate your neutrality." --Bishop Desmond Tutu

Monday, September 22, 2008


No bailouts without reform! The Treasury wants unfettered access to $700BN+ of our tax dollars to save the economy, we should demand a few things in return:
  1. Cap on CEO compensation at financial firms at $1MM TOTAL COMPENSATION
  2. Cap on credit card interest at prime+3%
  3. Open refinancing of mortgages
  4. No more foreclosures on distressed property
  5. Elimination of derivatives based on mortgage-backed security
  6. Regulation of the CDS system
There are surely more things we should ask for, but this is what I came up with this morning. Paul Krugman also agrees. NO DEAL he says.

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