Tuesday, November 09, 2010

Ellen Brown: "To Nationalize or Bail Out?" @ Huffington Post

Let's complete the portions read on last night's RFK "Money Changers pt. 5 and 6" with the whole genius article that challenges and demands attention from readers. Here's the ending, but how she gets there is very interesting:

[Excerpt]
For a model, Congress can look to the nation's only state-owned bank, the Bank of North Dakota. The 91-year-old BND has served its community well. As of March 2010, North Dakota was the only state boasting a budget surplus; it had the lowest default rate in the country; it had the lowest unemployment rate in the country; and it had received a 2009 dividend from the BND of $58.1 million, quite a large sum for a sparsely populated state.

For our newly-elected Congress, the only alternative may be to start budgeting for TARP II.

Read her complete article at HuffPo, or better yet, go to her original site, "Web of Debt" to read her other articles, links to interviews and most of all get her book of the same name.

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