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interesting--that's krugman's basic assumption and from that it follows, as he's been arguing, that nationalization is more or less the only way out and that it's better sooner than later.
what i'm surprised at really is the fact that this plan was announced *before* the auditing that was such a big deal in the last round of hearings on a "plan for the banking system" was carried out. so even if i thought 1 was the case, i'd still be uneasy about the move because there's no way of knowing what the move will entail. and the bet itself could be on the wrong horse.
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a gramophone its corrugated trumpet silver handle
spinning dog. such faithfulness it hear
it make you sick.
-kamau brathwaite
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