Bailout or Assume Fetal Position October 1, 2008 by elcap That’s the gist of Tom Friedman’s column from yesterday. Here’s the heart of his argument, which is indeed worth considering: Well, you say, “I don’t own any stocks — let those greedy monsters on Wall Street suffer.” You may not own any stocks, but your pension fund owned some Lehman Brothers commercial paper and your regional bank held subprime mortgage bonds, which is why you were able refinance your house two years ago. And your
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