dammit
I guess again I`m going to ask a stupid question
how is this a bad idea(the article)
I think it has some merit to it.
but i also think we never of should of gotten to this point also.
let the insult begin,but please answer the question
kimba,
you are asking the wrong person. I truly have so little knowledge of this area I won't even begin to guess. It is something I've read some economists writing about, and they seem to have foretold a lot of this crisis, so I guess they know something.
Brad De Long, an economist who writes a blog, is quoted in this:
Is Nationalization The Answer?
09.27.08 -- 9:15PM
By Josh Marshall
Brad DeLong says it's a better option than the Paulson model bailout. (And it did seem to work out pretty well for the Swedes when they got into a somewhat similar situation.)
I'm curious what Krugman thinks.
Late Update: This Krugman post from this morning suggests to me that he may think something like the Swedish model makes more sense but that the politics won't work and that given the severity of the crisis the not-as-terrible Dodd-Frank proposal is likely the way to go.
go here for the links.
http://talkingpointsmemo.com/archives/220360.php