I Am Not Going To Say I

I Believe, Unlike People That Are Totally Free-market, Laissez-faire Fundamentalists, That There Is An Important Role That The Government Can Play - One, In Providing Public Goods, Whether It's Education, Health Care, Or Other Things, And Two, Supervising Countercyclical Policy - Stimulus, Whether It's Monetary, Fiscal, Or Otherwise.

If We Didn't Have Greed, Market Economies Wouldn't Be As Innovative As They Are. But In My View, Greed Has To Be Contained By The Fear Of Losses, So There Has To Be A System Where, If You Take Too Much Risk, You Go Into Bankruptcy. You Don't Systematically Bail Out People Who Take Excessive Risks.

We're Essentially Continuing A System Where Profits Are Privatized And...losses Socialized.

You Have To Eventually Nationalize Us Banks, You Have To Take The Problem By The Horns. In My View Actually Most Of The Us Banking System Is Insolvent.

I Am Not Going To Say I Told You So, But I Did.