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How to nationalize the banks (worked in Sweden, 1992)

Sat, 09/27/2008 - 1:46pm — lambert

Brad DeLong, serious economist.

Of course, it all depends on how you define "work," doesn't it?

Because if you define "work" as letting Hank Paulson's golfing buddies steal a trillion dollars -- via a "bust out," not a bailout -- then the Paulson plan is 100% posilutely, absitively guaranteed to work.

Here, again, the Ds just don't seem to be able to focus on or express, even if they realize, that the Rs are, literally, a criminal class. Which makes them, at this point, acessories, but that's a post for another day.

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