Monday, March 02, 2009
'This approach is not pretty or easy'
Former Treasury Secretary James Baker says it's time to bite the bullet and temporarily nationalize zombie banks. ... Via John.
Update -- The Economist:
Former Treasury Secretary James Baker says it's time to bite the bullet and temporarily nationalize zombie banks. ... Via John.
Update -- The Economist:
State control of some banks is sadly unavoidable. Don't run away from it; focus on doing it well.
