About the Bailout

Bernie Sanders, an independent Senator, recently wrote a piece well worth reading if you are following the bailout. I have read a lot about the “Swedish model” which involves getting stock for the bailout money. This is said to give the tax payers an upside. Senator Sanders takes a slightly different view, which is detailed in the linked article. It is interesting to see that on this point populists can agree with conservatives (although their logical paths are quite divergent getting to the same general position), who buck at the prospect of “nationalizing” banks by having the government have a ownership interest.

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