[Pen-l] Is Summers correct about this?

[Charles Brown <cdb1003@xxxxxxxxxxx>]

I usually agree with Carrol when he
expresses Mao's  idea that capitalism
won't fall by itself; the wall won't
fall if it is not pushed. I wonder
though whether that principle
as been superceded , and
Wall Street has fallen on its own.
Summers, Geithner and O
are dithering , Krugman says,
and just about "everybody"
says "don't just sit there,
do something". But perhaps
they have concluded that there
is no solution, not even temporary
nationalization ? The only
solution is some kind of forgiveness
of the big banks' debts , which
would permanently destroy 
the full faith and credit of the
finance capitalist institutions.
Not to mention cause 
Red China
to say to the world
 that capitalism is a
confidence game; we
played by the rules,
and you cheated.

So , Obama says, "hell no
I'm not going to be the one
to declare the end of finance
capital. The mob is already ready
to lynch me as a commie.

So, you all go get Rubin,
Buffet, the CEO and Board
of Goldman Sachs and the rest
of the oligarchy , and announce
on television that you have
concluded that US finance capital
is kaput."

By the way, all of this demonstrates
that it is Summers, a man, whose
math skills are inadequate, since
he was one of those who 
calculated the ingredients of
 the derivatives-kool aid
punch that Wall Street drank.

Well , roughly speaking
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