Miles writes:
> Nationalize the financial system.
Doing that in the best of times would be tricky; doing it in 2008 would have been disasterous. I mean, it was a <credit crisis> afterall; nationalization of all the banks would have quintupled that crisis by basically saying: everyone's credit is broken. Which wasn't the case. Some banks did get nationalized (temporarily), and that process continues today. I'm certainly for that.
On the other hand, I think I know what you mean by this ... but: what do you mean by this? Have any models in non-totalitarian countries?
^^^^ CB: U mean Obama _did_ nationalize banks ?!!! So , that so-and-so _is_ a socialist :>( I don't think he's a real American.