Noam Chomsky on Tim Geithner and bank bailout plan, democracy vs. corporations
My crappy summary: Chomsky says banks getting cash for trash, government technically owns stakes in many of them but won't utilize it, instead basically doling out public money to private industry heads; supports economist Dean Baker and James K. Galbraith's ideas to split up AIG (sever finance unit from rest of company), aggressively use FDIC to put more banks into receivership; public should insist in actual participatory role in institutions getting public money.
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