Wednesday, February 18, 2009

Schmorgasbank Schmorgasborg

Really? Do we really want our banking system to be modeled after the SWEDES?! Also, bravo to Lindsey Graham for making a conversation about banks awkward:

“You should not get caught up on a word [nationalisation],” he told the Financial Times in an interview. “I would argue that we cannot be ideologically a little bit pregnant. It doesn’t matter what you call it, but we can’t keep on funding these zombie banks [without gaining public control]. That’s what the Japanese did.”

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