There’s been an outcry in America about the financial rescue plan unveiled by the Obama administration under the leadership of Treasury Secretary, Timothy Geithner. The Obama administration plans to buy up $2 trillion in toxic financial assets. The plan is being denounced by economists in the mainstream press, as well as commentators in the alternative media.
Pepe Escobar also provides excellent commentary of Geithner’s PPPIP (Public-Private Partnership Investment Programme), which he refers to as hedge fund socialism. According to Escobar, if PPPIP fails, Obama sinks.
The Real News Network interviewed, world-renowned professor of linguistics at MIT, Noam Chomsky, to get his perspective on the Obama/Geithner rescue plan. Find a transcript of the interview below.
- To read or to watch the interview with world-renowned professor of linguistics at MIT, Noam Chomsky : http://sacsis.org.za/