Sheila Bair, the no-nonsense former FDIC Chairman who thought banks could go broke the old-fashioned way and who, because of this outrageously sensible belief, was one of Timothy Geithner's "least-favorite people in government," presents a modest proposal in today's Washington Post: that American families each be given a $10 million loan on the same terms the banks are enjoying from the Fed--banks that are not subsequently relending the money but are instead investing in high-yield securities and reaping enormous profits at the taxpayer's expense. Sound familiar?
Soak, rinse, repeat: No wonder a woman's work is never done. And with that little transition, let me point out that as the ginned-up "war on women" and "war against stay-at-home moms" continue to rage, here's one female who knows where the real fighting ought to be.
Get this woman an army, I say.
Here's the link to Bair's WaPo op-ed:
http://www.washingtonpost.com/opinions/fix-income-inequality-with-10-million-loans-for-everyone/2012/04/13/gIQATUQAFT_story.html?hpid=z2
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