Progressive Conditions for a Bailout

Here are some good ideas from Dean Baker over at TPM Cafe'.

Progressive Conditions for a Bailout

If we are going to bail out Wall Street, and I think we have to, we need to make sure the people who got us into trouble in the first place don't profit. We also need to make sure we put conditions on the money that makes sure that we have some control over the companies we are bailing out so we can at some point put some of this money back into the treasury; or at least pay back China for buying the T-bills or bonds or whatever they will be buying to give us the money for the bailout. Finally, the bailout must include legislation to put back the regulations like the Glass Steagall Act that were created as a result of the crash that caused the Great Depression. Personally I think that most of the problems this country has can be traced back to allowing mega-corporations to be created starting back in the '80s when the Reagan Administration stopped enforcing the anti - trust laws for the most part.