An alternative to the bail-out that makes sense

James K. Galbraith writes in the Washington Post, arguing that, with all the big investment banks gone already, the best move is to fund the FDIC to cover all deposits and just be done with it. Then, take steps to shore up local governments.

It’s a thoughtful alternative to buying bad paper. Read, think.

Author: Mitch Ratcliffe

Mitch Ratcliffe is a veteran entrepreneur, journalist and business model hacker. He operates this site, which is a collection of the blogs he's published over the years, as well as an archive of his professional publishing record. As always, this is a work in progress. Such is life.