BAILOUT: 850 Billion? Try FIVE TRILLION!

[Roland99]

Run time: 09:45 https://www.youtube.com/watch?v=TFwsKk0Fe3Y   Posted on YouTube: October 20, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: November 06, 2008 By DU Member: Roland99 Views on DU: 273

 
Courtesy of Demeter in the Stock Market Watch thread in LBN:

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3586480&mesg_id=3586559

Michael Hudson is a former Wall Street economist He was Dennis Kucinich’s Chief Economic Advisor in the recent Democratic primary presidential campaign, and has advised the U.S., Canadian, Mexican and Latvian governments, as well as the United Nations Institute for Training and Research (UNITAR). A Distinguished Research Professor at University of Missouri, Kansas City (UMKC), he is the author of many books, including Super Imperialism: The Economic Strategy of American Empire (new ed., Pluto Press, 2002) He can be reached via his website, [e-mail]

Transcript here:
http://www.counterpunch.org/hudson10202008.html

MP3 here:
http://www.michael-hudson.com/audio/081009newKleptocracy.mp3

[sam sarrha]

1. i believe most of this is the insurance purchased on mortgages that were to fail by people who didnt

own the mortgage.. just another rip off.. let em go broke, we need a viable system, fuck the Rethuglican mafia

we need a new system, tax the speculators/ insurance ripoffs 98%., get rid of them. if their financial activities do not ad value, tax their profits 98%, put an end to this era of skimming/scamming other peoples real work out of existence