Liquidate the liquidators, and DO NOT save the fat cats, Nicholas D. Kristof

http://www.iht.com/articles/2008/10/02/opinion/edkristof.php

Edward G. Nilges
Hong Kong

International Herald Tribune

To whom it may concern:

Nicholas Kristof, in “Save the Fat Cats”, mentions the Japanese crash of 1990: but Japan’s so-called “lost decade” of the 1990s didn’t exactly see grass growing in the streets. While Japan’s investors couldn’t get capital for further tomfoolery, its futon makers simply made New Deals with new western companies like Ikea, who provided them with capital. Far more importantly, Japan’s middle and working classes continued to live tranquil lives, with social provisions unseen in America in consequence of Japan’s constitution, and its demilitarized society.

In supporting the bailout, and then salving his conscience with promises of pie in the sky later on in the form of a very, very promissoried New Deal for the ordinary slob, Kristof wants to buy the biggest alcoholic in the room just one more drinkie-winkie.

Regards

Edward G. Nilges