|
|
Add to My Group
| Permalink View Article Stats Sweden's Fix for Banks: Nationalize Them Quicklink submitted by David Kendall (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
|
| The Swedes have a simple message to the Americans: Bite the bullet and nationalize. Sweden placed its banks with troubled assets into a so-called bad bank, where they could be held and then sold over time when market and economic conditions improved. In the meantime, it used taxpayer money to provide enough capital to allow banks to resume normal lending. In the process, Sweden wiped out existing shareholders. |
Read the rest of the story HERE:
Comments
The time limit for entering new comments on this Quicklink has expired.
This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.
| No comments |