Though I haven't had time to really research it, I'm finding the "Swedish Solution" to the crisis interesting, mostly because of the been there, done that aspect of it.
Stopping a Financial Crisis, the Swedish Way
Mal: Inara, think you could stoop to being on my arm? Inara: Will you wash it first?
'Heart Of Gold'
Natter 61*
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
Gudanov - Sep 30, 2008 12:27:52 pm PDT #1500 of 10001
Coding and Sleeping
tommyrot - Sep 30, 2008 12:29:50 pm PDT #1501 of 10001
Sir, it's not an offence to let your cat eat your bacon. Okay? And we don't arrest cats, I'm very sorry.
I'm finding the "Swedish Solution" to the crisis interesting,
I'm just scared of all the bad jokes it will spawn....
amych - Sep 30, 2008 12:38:48 pm PDT #1502 of 10001
Now let us crush something soft and watch it fountain blood. That is a girlish thing to want to do, yes?
I'm just scared of all the bad jokes it will spawn....
What, just because we all know that the economy is bork bork borked?
Theodosia - Sep 30, 2008 12:48:40 pm PDT #1503 of 10001
'we all walk this earth feeling we are frauds. The trick is to be grateful and hope the caper doesn't end any time soon"
It gives Stockholm Syndrome a whole new meaning, though.
DavidS - Sep 30, 2008 12:51:48 pm PDT #1504 of 10001
"Look, son, if it's good enough for Shirley Bassey, it's good enough for you."
I like the Swedish plan. The banks suffer and the taxpayers have the possibility of a profit for their investment.
Plus, it keeps the whole economy from seizing up like a Yugo with an oil leak.
Kat - Sep 30, 2008 1:14:00 pm PDT #1505 of 10001
"I keep to a strict diet of ill-advised enthusiasm and heartfelt regret." Leigh Bardugo
Oh, plei, too cute. Grace isn't sure that touching should be allowed The next pic in the photostream has her real reaction.
Kristin, I'd be so grateful if you could burn it and I'd love to get together. Once I'm not feverish or contagious or whatever, we should.
I had more but the fever is eating my brain (I just hope not literally).
Typo Boy - Sep 30, 2008 1:15:09 pm PDT #1506 of 10001
Calli: My people have a saying. A man who trusts can never be betrayed, only mistaken.Avon: Life expectancy among your people must be extremely short.
I've been favoring the Swedish plan on list all along. At the moment it looks like what we're going to get is what was introduced last time with a few added features.
Pix - Sep 30, 2008 1:20:46 pm PDT #1507 of 10001
We're all getting played with, babe. -Weird Barbie
Kat, will do. I'll burn it tonight. Let me know when you're feeling better (I have a cold too, so I feel your pain) and we'll make plans. I think our plans may have to include cupcakes.
Burrell - Sep 30, 2008 1:43:31 pm PDT #1508 of 10001
Why did Darth Vader cross the road? To get to the Dark Side!
OMgosh, thank you everyone for the adorable babies and toddlers! Totally made up for a cranky-too-hot day.
Oh and happy birthday, Alibelle! Miss you 'round these parts.
billytea - Sep 30, 2008 2:05:13 pm PDT #1509 of 10001
You were a wrong baby who grew up wrong. The wrong kind of wrong. It's better you hear it from a friend.
I've been favoring the Swedish plan on list all along.
I quite like this too. Taking equity to the value of any financial injection is a pretty reasonable demand from the taxpayer's perspective, and gets as close to market discipline as you can where the market's lost the capacity to provide it. (I would expect the govt to start selling down the equity it gains when the market stabilises and they can get a reasonable price for it, as Sweden did.) Plus, socialising losses and privatising gains is exactly the kind of environment that will create another crisis. To my mind, it's worse even than doing nothing.