YouTube – Tim Hawkins – The Government Can.

YouTube – Why You’ve Never Heard of the Great Depression of 1920.

YouTube – Right.org: Bailout Prize Patrol.

Hat tip: Karen DeCoster

That’s because reviving the securitization market is key toward reviving the economy and it’s a vicious cycle: The longer it takes to revive securitization, the worse the economy becomes and the securitized products held by the banks lose more value.

via Geithner’s Bank Plan Led Goldman to Call Meeting – Financials * US * News * Story – CNBC.com.

This whole story shows how panic and turmoil are gripping our leaders, which makes me pretty happy.  But the above quotation really knocked me back.  The “securitization market” is the key to reviving the economy?  Isn’t that like saying dropping another bomb on Heroshima is the key to reviving the city?

And how are they going to revive anything?  Is someone going to offer up the life of a firstborn child on the capital steps to please the gods of finance?  Perhaps we’ll hear that Willow is getting a call from the President.

YouTube – Jim Rogers says Geitner Caused Crisis, Must Let Banks Fail 2.11.09.

YouTube – Fed Reserve Fails to Reflate the US Banking System.