relieve financial institutions of their "toxic" mortgage-related
assets amounts to "ersatz capitalism" based on "the privatizing of
gains and the socializing of losses."
---SPSmith
Saturday, February 04, 2012
Joseph Stiglitz on the 'Ersatz Capitalism' of TARP II - Hit & Run : Reason Magazine
http://reason.com/blog/2009/04/03/joseph-stiglitz-on-the-ersatz
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