Quote:
Originally Posted by Baraka_Guru
I thought he was being ironic. You guys are being ironic, right?
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Er, no. Who's being ironic? What's ironic? We both agree. I don't see the irony.
-----Added 26/9/2008 at 12 : 04 : 16-----
Quote:
Originally Posted by Baraka_Guru
I came across this piece in the New York Times. It's an interesting case that Sweden faced that was similar to the current situation in the U.S.
The key difference is highlighted.
How Sweden Solved Its Bank Crisis
http://www.nytimes.com/2008/09/23/bu...3krona.html?em
So wait a minute....the U.S. bailout plan doesn't set up a stipulation that includes extracting equity from the banks? It's just that: a bailout?
Please help me out here on the details. I haven't been reading much because I've been super busy. |
I think you may have it backwards. The US has learned from Sweden's mistakes. I am under the impression that the US Gov't will have an ownership stake in any "bailout" plan. As much as 70% in one case I think.
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Last edited by jorgelito; 09-25-2008 at 08:04 PM..
Reason: Automerged Doublepost
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