Alexander Cockburn: On the Rocks: "Obama’s Treasury Secretary Tim Geithner tried to sell his bank bail-out plan earlier this week. He deservedly drew an F because in his mumbled prospectus he conceded he didn’t actually have a plan, but was toiling night and day to come up with one. Markets duly plunged. In outline, the prospective trillion-plus plan has the usual forced perspective of a banker, whose idea of rescue is to lend people money, thus drowning them in even more debt. Americans don’t need more debt. They need debt relief."
(Via CounterPunch.)
