Cenk of Young Turks on how Iceland handled events:

[sailingaway]

http://www.youtube.com/watch?v=xt4Z3rm4r-4&feature=youtu.be

[Working Poor]

Cenk better late than never I wish we had done what Iceland did.

[Bohner]

Yep, Who would have thought that letting the banks fail, cutting spending and raising interest rates would have led to a faster recovery.

[sailingaway]

Cenk better late than never I wish we had done what Iceland did.

this was early in the summer apparently, I just now saw it on twitter though.

[Working Poor]

I think Iceland started standing up to the banks over a year ago. Alex Jones broke the story I think.

[georgiaboy]

Cenk mentioned that Krugman was in favor of doing what Iceland did. Is this true? I find that hard to believe.

[Agorism]

I hate populism.

[Kords21]

Wasn't Krugman complaining that the gov't didn't spend enough on the bailouts?

[jmdrake]

Cenk mentioned that Krugman was in favor of doing what Iceland did. Is this true? I find that hard to believe.

Krugman, for all his faults, was against TARP.

[VIDEODROME]

Cenk mentioned that Krugman was in favor of doing what Iceland did. Is this true? I find that hard to believe.

There was something mentioned about nationalizing the banks. Maybe Krugman would go for that?

[roho76]

Krugman, for all his faults, was against TARP.

Yeah, but wasn't it because it didn't go "far enough"? I don't think he was against the idea, just the amount of the bailout. He thought it should have been bigger. Either way, titanic meet deck chairs.