While I was in Australia I recorded this interview with ABC’s daily show. This went out on 15th September. Watch it above or on ABC’s website here >
ABC daily report – ‘Let them default’
September 19, 2011 / Bank Bail-outs, Bankers in Government, Banking Crisis, Central Banks, Consumer Debt, Credit, Credit Crunch, Debt, Democracy, Economic Orthodoxy, Finance Ministers, Financial Crisis, Government Borrowing, Interest Rates, International Financial Architecture, International Financial System / 2 Comments
2 thoughts on “ABC daily report – ‘Let them default’”
Your statement about how banks should have been treated is exactly what I argued at the time, but could find little agreement. I couldn’t agree with you more. This analysis seems to me to command assent, but as yet those who can haven’t and moreover haven’t given any indication that they will. If I might mangle an aphorism by Howard Aiken, the elite won’t change until such change is rammed down their throats.
Agree Larry…and they seem to be ramming that change down their own throats at the moment…