My "WTF" echoed by Stiglitz

Yesterday I posted "WTF" where I suggested we might just let them (banks, huge corporations, etc.) go down the tubes and then rebuild a new system.

Today Nobel winner Joseph stiglitz made a "modest proposal"

"..."The government should allow every distressed bank to go bankrupt and set up a fresh banking system under temporary state control rather than cripple the country by propping up a corrupt edifice."

Methinks he makes sense. Unfortunately, our entrenched oligarchs will not allow that to happen -- even if it actually might end up "saving their bacon" (they are PIGS, after all).