> The answer may well be that capitalism as we understand it cannot survive at
> the present level of capital efficiency. The financial system will have to
> be converted to a GSE model.
>
> I guess such a model could be controlled by fascists instead of socialists,
> but either way, this is absolutely different this time.
I could also be temporary again this time, like the Resolution Trust Corp. in the '80s, rather than some sort of Sovereign Wealth Fund.