Comments on: Edling, “When Johnny Comes Marching Home . . . from the Bank” http://www.common-place.org/pasley Notes on American history and politics and other matters, by Prof. Jeffrey L. Pasley and guests. Thu, 02 Sep 2010 14:06:36 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Bob McHennington http://www.common-place.org/pasley/?page_id=451&cpage=1#comment-38687 Bob McHennington Sat, 24 Apr 2010 19:09:16 +0000 http://www.common-place.dreamhost.com/pasley/?page_id=451#comment-38687 U suck U suck

]]> By: Jeff Pasley http://www.common-place.org/pasley/?page_id=451&cpage=1#comment-1436 Jeff Pasley Thu, 09 Oct 2008 05:09:59 +0000 http://www.common-place.dreamhost.com/pasley/?page_id=451#comment-1436 Max, any comment on the recent developments in public finance, such as: <blockquote><a href="http://www.nytimes.com/2008/10/09/business/economy/09econ.html?hp=&pagewanted=print" rel="nofollow">U.S. May Take Ownership Stake in Banks - NYTimes.com</a> WASHINGTON — Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, according to government officials. Treasury officials say the just-passed $700 billion bailout bill gives them the authority to inject cash directly into banks that request it. Such a move would quickly strengthen banks’ balance sheets and, officials hope, persuade them to resume lending. In return, the law gives the Treasury the right to take ownership positions in banks, including healthy ones.</blockquote> There has quite a bit of talk over here about solving our financial crisis the "<a href="http://www.nytimes.com/2008/09/23/business/worldbusiness/23krona.html?scp=1&sq=swedish%20way&st=cse" rel="nofollow">Swedish way</a>." Max, any comment on the recent developments in public finance, such as:

U.S. May Take Ownership Stake in Banks – NYTimes.com

WASHINGTON — Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, according to government officials.

Treasury officials say the just-passed $700 billion bailout bill gives them the authority to inject cash directly into banks that request it. Such a move would quickly strengthen banks’ balance sheets and, officials hope, persuade them to resume lending. In return, the law gives the Treasury the right to take ownership positions in banks, including healthy ones.

There has quite a bit of talk over here about solving our financial crisis the “Swedish way.”

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