Massive default is best way to fix the economy

[closeupready]

>>NEW YORK (MarketWatch) — You want to fix this economic crisis? You want to put people back to work? You want to light a fire under the economy?

There’s a way to do it. Fast. And relatively simple.

But you’re not going to like it. You’re not going to like it at all.

Default. A national Chapter 11 bankruptcy. <<

http://www.marketwatch.com/story/massive-default-is-best-way-to-fix-the-economy-2011-09-12

[femrap]

1. I would like to see all

the 'too big to fail' banksters go belly up! Then we could start local community banks.

It's really these big banksters who are causing this Greater Depression.....they are NOT loaning any money to anyone. They just take the 0% money from the Fed and go play in the various markets of stocks, bonds, metals, and commodities.

The banks need to go bankrupt....and they basically are insolvent. Not our nation!

[closeupready]

2. They are not loaning money, and also, the high interest consumers are paying is sucking up cash

that would otherwise be used, as the author notes, to fuel small business expansion.

[jaxx]

3. Rupert owns the MarketWatch.

Of course the rightwing wants a default so they can blame it on President Obama. Democrats need to make sure this doesn't happen.

[girl gone mad]

4. k & r

Good to see this getting mainstream attention.