[lbo-talk] Geithner clarifies

[c b]

> 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.

Doug

^^^^^^^
CB: Would this be through exercise of the power of eminent domain ?