Tuesday, February 3, 2009

Sweden’s Fix for Banks - Nationalize Them - NYTimes.com

In class last Thursday the idea of temporarily nationalizing banks came up. I promised to show how it could work using Sweden's experience from the 1990s. Then I proceeded to forget to post it. So in a better-late- than-never moment, here is an article from the NY Times. Sweden’s Fix for Banks - Nationalize Them - NYTimes.com:"With Sweden’s banks effectively bankrupt in the early 1990s, a

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