Sunday, August 23, 2009
"The World [Is Not] a Handful of Huge Financial Institutions, the Dinosaurs That Roamed the Earth [But] 115 Million American Households"
Tarp overseer Elizabeth Warren had a great quote on MSNBC's Morning Joe:
If you think the world as we know it, are a handful of huge financial institutions, the dinosaurs that roamed the earth, then you're right [that the government had to bail out the giant banks]. They are not going to exist without huge infusions of government money. On the other hand if what you really believe is that our economy and our world is 115 million American households you start to see it very differently. And you say, you know if the dinosaurs are gone there are still a lot of stuff to be done.