Bailed Out Banks Teeter Towards Collapse

Monday, December 27, 2010

"If Citibank and Bank of America were going under, that would be a problem," said Mark Blyth, a political economy professor at Brown and a fellow of the Watson Institute for International Studies. "The bailout was meant to deal with a global systemic crisis. It was not to make sure that some bank in Utah with dodgy commercial real estate would be okay."

Ok, Mr. Blyth... As long as the huge, multinatio­nals are doing fine, who cares what happens to all the little people on Main Street, USA. Where is George Bailey when you need him?