[lbo-talk] Geithner clarifies

Carrol Cox cbcox at ilstu.edu
Tue Mar 24 09:45:49 PDT 2009


Doug Henwood wrote:
>
> On Mar 24, 2009, at 10:06 AM, Jordan Hayes wrote:
>
> > The "Swedish Solution" is not being considered in this case by
> > anyone other than bloggers, *because it will not work*.
>
> What do you mean, "will not work"? To me, the Swedish solution means
> the gov ejecting idiot bank management and taking control. No
> bullshit, as the finance ministry guy told the FT. Right now, we're
> embarking on federally subsidized bullshit, in size.

Well, Sweden was a small nation nestled in a world economy that was, more or less, working. The U.S.is a huge economy interwined with a world economy which is more or less in the same mess. Has anyone explored the Swedish 'model' taking these matters into consideration.

Carrol



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