On Mar 24, 2009, at 11:51 AM, Michael Pollak wrote:
> Offlist Daniel Davies suggested that the model for nationalizing the
> investment bank part of the US superconglomeraes could be Credit
> Lyonais in the 1990s.
>
> We could argue about that. But offlist both he and Nomi (the best
> banking experts I have access to -- Krugman and Stiglitz don't
> answer my mail :) both agree with what I thought was this central
> point of that long post of mine: that whatever nationalization of
> Citi and BofA means, it can't follow the FDIC model.
Is anyone arguing that the gov should extend the postal service and the sba into a public savings and loan operation?
martin