How to respond to the financial crisis

Today Northern Rock, Tomorrow Citigroup and Merrill Lynch

The government can keep the financial system functioning as the big banks go under without writing huge welfare checks to the super-rich. We just nationalize failing banks as Gordon Brown did with the Northern Rock bank in the United Kingdom. We replace the top management with competent people and then sell the bank back to the private sector as soon as its books are back in order. It’s fun, simple, easy, and cheap. And, if we want to help low income people who are losing their homes, we offer them the own to rent option.

Advertisements

0 Responses to “How to respond to the financial crisis”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s




Advertisements

%d bloggers like this: