> We're going to spend public money on this (the Fed's actions so far
> aren't really expenditures in that sense, though they do put its
> balance sheet at risk). So we should get something in return - a
> better-regulated, more equitable financial system, with new
> experimental institutions, like nonprofit and cooperative banks. And
> on the other end, new forms of ownership, like limited equity
> arrangements, in return for the rescue of mortgagors.
What's preventing that now? Aside from starting capital?
-- Andy