Another Bank Bailout

http://www.nytimes.com/2012/06/11/opinion/krugman-another-bank-bailout.html

---------- Forwarded message ----------
From: barry levine 
Date: Mon, Jun 11, 2012 at 8:47 AM
Subject: re: Another Bank Bailout
To: letters@nytimes.com


To the Editor:

  In this country, where fiscal policy is set by the Federal Reserve (i.e. bankers), the banks have been rescued while the economy has been left to founder. In Europe, where fiscal policy is set by the Central Bank (i.e. bankers) the banks are getting rescued while the economies are left to founder. I for one am willing to extrapolate from these data. Sovereign nations need to control their own currencies. If we leave it to the banks, they will serve the banks. That's unfortunate for those of us who aren't bankers.

Barry Haskell Levine